25 banks and thrifts with the most assets
The top five banks and thrifts have more than $12 trillion in combined total assets as of the end of Q1 2023.
AWS, Google and Microsoft are in an AI arms race. Banks are watching.
Cloud giants are making major investments in generative AI and large language models. Their financial services clients are mostly in test-and-learn mode.
Dream First Bank assumes Heartland Tri-State Bank’s deposits
Dream First Bank of Syracuse, Kan. is assuming all deposits and most of the assets of Heartland Tri-State Bank of Elkhart, Kan. following a purchase and assumption agreement with the Federal Deposit Insurance Corp., representing a $54.2 million hit to the Deposit Insurance Fund.
FDIC seeks buyers for $18.5 billion of Signature Bank loans
The Federal Deposit Insurance Corp. this week launched the sale of an $18.5 billion loan portfolio from the failed bank, a pool of debt tied to major private equity and investing firms.
Regional banks rally for fifth week as PacWest merger deal quells fears
The advance has helped the group pare its declines this year to roughly 10%, easing an earlier drop of as much as 33% following a string of regional bank collapses, including Silicon Valley Bank in March.
20 banks and thrifts with the most deposits at the end of Q1
The top five banks and thrifts have more than $7 trillion in combined total deposits as of the end of Q1 2023.
Press Release: Dream First Bank, National Association, of Syracuse, Kansas, Assumes All of the Deposits of Heartland Tri-State Bank of Elkhart, Kansas
PRESS RELEASE | JULY 28, 2023 Dream First Bank, National Association, of Syracuse, Kansas, Assumes All of the Deposits of Heartland Tri-State Bank of Elkhart, Kansas WASHINGTON – Heartland Tri-State Bank of Elkhart, Kansas, was closed today by the Kansas Office of the State Bank Commissioner, which appointed the Federal Deposit Insurance Corporation (FDIC) […]
Mike Cagney’s Figure lays off 20% of staff amid IPO plans
Figure Technologies laid off 90 employees this week, or about 20% of its staff, while it’s also interviewing bankers in advance of a planned initial public offering for its lending business next year, according to documents reviewed by Bloomberg.
Capital proposal may drive banks further away from mortgages
Consumer advocates are protesting specific risk-weighting changes affecting borrowers with lower down payments. Also, broader increase in requirements may discourage depository holdings of servicing.
Joint Press Release: Agencies Update Guidance on Liquidity Risks and Contingency Funding Plans
JOINT PRESS RELEASE | JULY 28, 2023 Board of Governors of the Federal Reserve SystemFederal Deposit Insurance Corporation National Credit Union AdministrationOffice of the Comptroller of the Currency____________________________________________________________ Agencies Update Guidance on Liquidity Risks and Contingency Funding Plans (Updated to correct a broken link to the attachment) Federal financial institution regulatory agencies today updated their […]