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
Eagle in Maryland sets table for turnaround
The bank faced credit setbacks in the nation’s capital and margin pressure this year. But it made a series of new hires to reduce risk and diversify its loan portfolio, preparing for a new era of demand as the industry awaits interest rate cuts.
Big banks’ closed branches are community bankers’ big opportunities
Branches are being closed at a record pace because of mergers and financial reasons. If a closed branch is in a good location and meets certain other conditions, it can represent a low-cost way for a community bank to expand.
How Trump could turn a $400 billion green bank into a fossil fuel lender
Emerging clean technologies championed by the Biden administration — ones that commercial banks may be too risk-averse to back at the scale needed — stand to lose a critical funding source if Trump is elected.