The public is regaining trust in regional banks
The banking industry’s public reputation recovered moderately in 2024 after a string of regional bank failures depressed confidence in the industry the year prior.
It’s time for the US to withdraw from the Basel capital accords
The Basel capital rules long ago proved themselves to be ineffective and unwieldy. A former FDIC chairman said that history offers us a better alternative in the form of a regulator-centric model rooted in a pre-Basel approach to oversight.
Key uses Scotiabank cash to offload billions in low-yielding bonds
Profits at Cleveland-based KeyCorp have suffered due to bonds it bought when interest rates were low. But a recent investment by Canada’s Scotiabank gave Key more wiggle room — an early benefit of a deal that both companies hope to build on.
New York community banks reach $236 million deal to merge
The all-stock transaction is slated to close in the second quarter of 2025. It would create a bank with more than $15 billion of assets.
Audit teams missed risks of material misstatement by banks
The Public Company Accounting Oversight Board staff released a report Monday on last year’s banking crisis.
Are banks saving money as they migrate to the cloud?
Banks are finding that they rarely save money off the top when they migrate applications to the cloud. The more substantial benefits are about productivity and speedier development.
FinCEN analyzed 15,000 check fraud cases. Here’s what they found.
The bureau studied mail theft-related check fraud and found that fraudsters often know to manipulate checks and avoid branches.
Five things to watch for in Barr’s Basel III endgame speech
After months of building anticipation, Federal Reserve Vice Chair for Supervision Michael Barr is set to lay out the path forward for the interagency regulatory capital reform effort known as the Basel III endgame on Tuesday morning. Here are five things bankers need to watch for.
Huntington to build 55 new branches in the Carolinas
The Ohio-based bank said it would hire 350 people to operate retail banking and wealth management businesses in a region where it recently launched commercial banking.
How AI makes biometric payments riskier
Crooks can use deepfakes and other machine learning tools to circumvent traditional authentication security methods. Payment experts discuss how firms can protect themselves