Fed sets this year’s capital requirements for large banks
Most big banks saw modest reductions in their requirements following this year’s stress tests. The results come as the Fed prepares to smooth year-to-year swings with a new averaging rule.
No ruling on whether Fed. Gov. Lisa Cook stays on the job
The D.C. District Court held a hearing this morning and defendants filed briefs in a case to determine whether Federal Reserve Gov. Lisa Cook will remain on the Federal Reserve Board after her ostensible firing by President Trump earlier this week. No ruling was issued, but one is expected before the FOMC votes in mid-September.
Affirm’s card helps it end fiscal year on a high note
Buy now, pay later lender Affirm hit profitability goals for its fiscal year 2025 and set aggressive guidance for fiscal 2026 ahead of Wall Street’s estimates. Its stock soared more than 10% Friday.
Berkshire Hills-Brookline merger nears completion
The proposed Berkshire Hills-Brookline merger is expected to finalize on Sept. 1; Flagstar Financial has scheduled a special shareholders’ meeting to simplify the bank’s regulatory structure; former Credit Suisse executives agreed to settle a suit filed by shareholders claiming they failed to maintain adequate risk management; and more in this week’s banking news roundup.
Pulte posts new criminal referral as Cook escalates lawsuit
Housing regulator Bill Pulte lodged more fraud allegations against Fed Governor Lisa Cook as she filed a temporary restraining order regarding attempts to remove her.
Banks face push for public debanking reports
Online lenders are urging the Office of the Comptroller of the Currency to force banks to disclose all account closures to the agency, following an executive order earlier this month.
Democrats urge FHFA’s Pulte to ‘do his job’
In a letter Friday, U.S. Sens. Elizabeth Warren, D-Mass., Chuck Schumer, D-N.Y., and Cory Booker, D-N.J., called on Pulte to address housing unaffordability instead of concentrating on efforts to destabilize the Federal Reserve.
Circle adds Finastra to stablecoin partner roster
Finastra is the latest bank tech provider to bring stablecoins to cross-border payments, which experts say is a way banks can use blockchain post-GENIUS Act.
Press Release: FDIC Issues List of Banks Examined for CRA Compliance
PRESS RELEASE | AUGUST 29, 2025 FDIC Issues List of Banks Examined for CRA Compliance WASHINGTON – The Federal Deposit Insurance Corporation (FDIC) today issued the list of institutions scheduled for a Community Reinvestment Act (CRA) examination during the fourth quarter 2025. CRA regulations require each federal bank and thrift regulator to publish its quarterly […]
Artificial intelligence has made sneaky ‘liability management’ harder
The era of borrowers being able to shift assets into subsidiaries outside the reach of creditors is ending, as AI enables lenders to identify and preemptively block such strategies.