Reed bill seeks clearer federal insider trading rules
The bill, dubbed the Insider Trading Prohibition Act, sponsored by Sen. Jack Reed, D-R.I., would amend the Securities Exchange Act of 1934 to prohibit certain securities trading and related communications by people who possess material, nonpublic information.
Fifth Third latest target in USAA’s patent war with banks
USAA sued Fifth Third last month over four patents. The bank had already asked the patent office to cancel two of them.
The problems in the July jobs report are bigger than one report
The July jobs report was bad, but the context is worse: people leaving the labor force, stubborn inflation and rising bond yields.
Here’s what happened when a struggling bank was ‘too small to save’
America’s smallest bank, with just $3.7 million of assets, survived for more than a century, including the Great Depression and the Great Recession. But, it could not survive overzealous regulators.
Top-performing banks with $10B to $50B of assets in 2025
In American Banker’s ranking of banks with the strongest metrics, here is this year’s list in the $10-$50 billion range, based on data from Capital Performance Group.
FTC, like CFPB and others, won’t enforce disparate impact
The Federal Trade Commission has ended enforcement of disparate-impact claims under federal antidiscrimination law, aligning with the stance taken by other federal agencies during the Trump era.
OCC denies Bunq’s ‘insufficient’ charter application
The federal agency has denied the Dutch neobank’s de novo bank charter application, citing “significant supervisory and compliance concerns.”
Calif. bank in midst of turnaround eyes tear-down projects
Gateway Bank, which has narrowed its losses under new CEO Mukhtar Ali, hired a team of residential-construction lenders to speed its return to profitability.
Why an employee-owned RIA took a majority stake investment
Berger Financial Group plans to more than double its footprint and staff, and Investcorp is looking at more opportunities beyond supporting Berger in the “untapped” wealth space.
Another tough quarter for Fiserv may lead to product changes
The core provider is conducting a review of its offerings after a 21% decrease in earnings per share and a drop in revenue from its core banking sector.