SouthState closes Texas acquisition, passing $50 billion of assets
The Florida company completed its purchase of Independent Bank, increasing its liability sensitivity and jumping to $65 billion in assets.
Patriot National recruits new president to assist with capital raise
The Stamford, Connecticut-based bank hired Steven Sugarman to be its president. The former bank CEO, who now heads one of the country’s largest mission-based lenders, will help drive an effort to close a capital gap.
AI drives tech companies to take the nuclear option
Data center operators and users such as banks need to plan now for AI’s growing power needs.
CFPB’s lawsuits against banks: Five cases to watch in 2025
The Consumer Financial Protection Bureau has sued some of the largest U.S. corporations and banks before the changeover to the Trump administration later this month
Hawaiian Electric sells bank in wake of wildfire devastation
The Honolulu-based utility sold a 90.1% stake in American Savings Bank. The deal valued the lender at $450 million.
Banks must focus on ESG issues to win the money-laundering fight
Vulnerabilities related to environmental, social and governance issues have become a serious threat vector when it comes to money laundering. Banks must recognize the danger and adapt their systems accordingly.
Bank struggles, Trump’s crypto plans and more news for investors to watch
Banks are taking hits in the stock market as they use 2024 to restructure balance sheets and inflation slightly increased in November.
The most quotable bank CEOs of 2024
Jamie Dimon and Brian Moynihan are among the eight chief executives whose blunt, pithy or pugnacious turns of phrase made the year more colorful.
The SEC’s new leadership must stop Gensler’s stifling of innovation
With Securities and Exchange Commission Chair Gary Gensler preparing to step down, the CEO of Unicoin, which is being sued by the agency, expresses hope for more acceptance of cryptocurrencies by the incoming Trump administration.
Payments fintech investors bet on a turnaround in 2025
Fast-growing innovation is sparking bullish sentiment following a boom-and-bust cycle of the past four years.