Solar loans, tracking carbon footprints: Ken LaRoe pursues green goals
Despite ESG headwinds in Florida, Climate First Bank in St. Petersburg continues to make “green” loans and plans to show consumers how their purchases affect the environment.
Silicon Valley Bank names global payments chief, Turkey getting digital bank
SVB promotes its head of payments infrastructure, Turkey approves Colendi to open a digital bank, and more.
FDIC to propose long-term debt rule for large banks
The agency will hold an open meeting next month to issue the proposal for banks with at least $100 billion of assets. It will also discuss changes to resolution plan standards.
The bank-branch café is still booming
Banks like Capital One, U.S. Bank and Santander are updating their floor plans and their menus — often with a discount on food or beverages for cardholders — to reach more millennial and Gen Z consumers.
No coins allowed: A Maine credit union’s new policy
Empeople Credit Union will stop dealing with coins at its five Maine branches beginning this September.
AI won’t replace financial advisors in the complex products market
No matter how good generative artificial intelligence gets, consumers navigating the purchase of complex financial products will always demand the attention of expert human advisors.
Why private investors are scooping up small banks
A series of deals over the summer suggests growing interest by private equity investors in acquiring community banks. Five such deals have been announced this summer alone.
The glory days of consumer lending are fading
Consumer loan balances fell in July for the first time since 2020 as banks have tightened lending standards in response to rising rates and jettisoned assets to bolster liquidity and capital levels.
Filing delays relegate Republic First shares to pink sheets
News of the delisting, prompted by ongoing delays related to filing its 2022 annual report, triggered a selloff of the Philadelphia-based company’s battered stock.
Sunshine Act Notice: FDIC Board of Directors Meeting
SUNSHINE ACT NOTICE | AUGUST 22, 2023 FDIC Board of Directors Meeting The FDIC Board of Directors will meet in open session: Time and Date: 10:00 a.m. on August 29, 2023. Place: This Board meeting will be open to public observation only by webcast. Visit https://www.fdic.gov/news/board-matters/video.html for a link to the webcast. FDIC Board Members and staff will participate […]