‘Cockroaches’ or ‘isolated events’? Banks face credit nerves
Regional banks say their asset quality is solid amid skittish investors. The KBW Nasdaq Regional Banking Index was largely stable Friday after falling by as much as 7% the day before.
US seizes $15 billion in huge bust of cybercriminal group
Coordinated sanctions target two networks behind so-called pig butchering scams, human trafficking and money laundering for North Korean cybercrime groups.
Blowback grows to deposit insurance reform, despite changes
Community banks and state banking groups are seeking structural reforms rather than a simple coverage increase.
JPMorgan Payments rides merchant services, B2B to record
The payments division of the country’s largest bank posted $4.9 billion in revenue in the third quarter as transaction volumes in merchant services outpaced volume in 2024.
Amex touts card refresh; says government shutdown not an issue
SEO Steve Squeri told analysts its Platinum card upgrade has gotten off to a strong start, and added he’s not noticing signs of consumer weakness due to recent political battles.
Reforming the eSLR capital rule is good policy that’s urgently needed
The enhanced Supplementary Leverage Ratio has for too long wrongly penalized low-risk market-making activity by U.S. banks. Targeted reforms come at a time when liquidity is about to be severely tested.
Fifth Third’s earnings fall in line amid credit hits and M&A
The Cincinnati, Ohio-based bank delivered third quarter earnings that mostly met expectations, even as it took a $200 million blow to credit.
Truist beats estimates, maintains 2025 guidance
The Charlotte, North Carolina-based bank reported net income of $1.45 billion for the third quarter and earnings per share of $1.04, which beat analysts’ forecast of $0.99 per share.
Regulators rescind Biden-era climate principles
Earlier in the day, Fed Gov. Stephen Miran chastised the Fed for wading into politics under the Biden administration, as he currently takes unpaid leave from President Donald Trump’s top advisory council.
KeyCorp beats estimates amid ‘remarkable’ regulatory changes
CEO Chris Gorman applauded what he sees as a transformation of bank regulation since President Trump took office. He described a shift from layers of exams and documentation to a streamlined focus on liquidity, capital and earnings.