How Citizens Bank aims to win over startup founders
A team of ex-First Republic private bankers hopes to serve entrepreneurs who once worked with Silicon Valley Bank.
Trades urge regulators to revisit asset thresholds
In a joint letter signed by over 50 bank trade groups, leaders in the banking industry urged regulators to revise bank regulatory thresholds upward to keep up with inflation.
NCUA’s one-member board liquidates two failed credit unions
The National Credit Union Administration, operating with just one board member, has liquidated two credit unions that were recently put into conservatorship. The failures are the first credit union failures since Democrats on the board were fired, leaving Republican Chair Kyle Hauptman.
After 160 years, a New York bank plans New Jersey expansion
Dime Community Bancshares, which has added dozens of bankers over the past two years, is now ready to consider expanding its geography.
How an identity thief stole $2 million from HELOCs
The conviction of a fraud ring mastermind highlights growing risks in home equity lines of credit as equity-rich borrowers become prime targets.
Senate passes GOP megabill — here’s what matters for bankers
The Senate passed President Trump’s tax and spending bill Tuesday, but questions around Consumer Financial Protection Bureau funding, 1071 delay and remittance taxes remain as GOP leaders scramble to pass the bill out of the House before Trump’s July 4 deadline.
How a ‘Circle bank’ could compete with traditional banks
Fresh off of a big IPO, the fintech is applying for a national trust charter. Approval would help it avoid the time and expense of working with banks for transaction processing at a time when the stablecion market is getting more crowded.
Powell unbowed by pressure to cut rates in July
Federal Reserve Chair Jerome Powell was noncommittal about cutting interest rates at the central bank’s next monetary policy meeting in July, saying future actions will depend on incoming data. His comments come as President Trump ramps up his criticism of the Fed chair.
Responsible innovation must be a core mandate for prudential regulators
Bank regulators should be in the business of proactively encouraging innovation in financial services, rather than taking a reactive stance that focuses on punishment.
The digital asset opportunities opening up for banks
Staking activities and stablecoins are two of the possible ways banks could have a role in decentralized finance, said Margaret Butler, head of the financial services practice at the law firm BakerHostetler and Kristiane Koontz, director of Treasury Services and Payments at Zions Bank, in interviews recorded at the Digital Banking Conference in June.