Barkin says he prefers Fed keep rates restrictive for longer
The Federal Reserve Bank of Richmond president said while he believes the central bank’s current level of rates is restraining the economy enough to continue lowering inflation in 2025, there are still upside risks to inflation and growth.
How Jenius Bank can afford to pay 4.8% on savings
The digital bank unit of SMBC Manubank keeps costs low with remote employees and all tech in the cloud, President John Rosenfeld says.
What will the world economy look like in 2100?
In their new book, “The New World Economy in 5 Trends,” Koen De Leus and Philippe Gijsels predict a future in which neutral interest rates are higher, technology is transformative and the urgency of climate-change adaptation creates investment opportunities.
New community bank leaders emerge in December
Lenders across the country promoted from within to fill top executive roles, including First International Bank & Trust in Watford City, North Dakota.
Bitcoin’s role in the future of finance is more nuanced than you think
The future of bitcoin isn’t a winner-takes-all scenario where it either replaces the existing financial system or fails entirely. Instead, it’s evolving into a multifaceted financial technology.
Trump picks Ken Kies for key tax policy job at Treasury ahead of cuts push
President-elect Donald Trump has announced members of his senior leadership team at the Treasury Department, who’ll work alongside Scott Bessent, his pick for secretary.
FDIC Issues List of Banks Examined for CRA Compliance
PRESS RELEASE | JANUARY 3, 2025 FDIC Issues List of Banks Examined for CRA Compliance WASHINGTON – The Federal Deposit Insurance Corporation (FDIC) today issued its list of state nonmember banks recently evaluated for compliance with the Community Reinvestment Act (CRA). The list covers evaluation ratings that the FDIC assigned to institutions in October 2024. […]
What banks can learn from the Treasury breach
Financial institutions need to beware of advanced persistent threats and of the potential security shortcomings of their vendors, experts say.
FHFA, Treasury amend GSE conservatorship agreements
The changes add some steps that would have to be taken before Fannie Mae and Freddie Mac could exit following statements from a Trump ally indicating plans for a near-term release.
Morgan Stanley is latest to leave climate-banking group
Bank of America, Citigroup, Wells Fargo and Goldman Sachs have also withdrawn from the Net-Zero Banking Alliance in the past month, as President-elect Donald Trump prepares to take office.