FDIC resolution shift favors speed; critics warn of costs
Acting Chair Travis Hill’s push for quick weekend bank sales signals a break from past crisis strategies — but some experts warn of higher costs and increased consolidation risks
Fed joins other regulators in rolling back crypto policies
The Federal Reserve withdrew expectations on crypto activity and dollar tokenization, while the Federal Deposit Insurance Corp. and the Office of the Comptroller of the Currency also withdrew their versions of the guidance.
Press Release: Agencies Withdraw Joint Statements on Crypto-Assets
PRESS RELEASE | APRIL 24, 2025 Agencies Withdraw Joint Statements on Crypto-Assets Today, the Federal Deposit Insurance Corporation, together with the Board of Governors of the Federal Reserve System (collectively, the agencies), has withdrawn two joint statements regarding banking organizations’ crypto-asset-related activities. This action is intended to provide clarity that banking organizations may engage in […]
Office valuation concerns lead to shrinking profits at Eagle
The Washington, D.C.-area bank reported a significant boost in provisions to cover emerging vulnerabilities in its $1 billion portfolio of office loans.
Warren and banking colleagues probe FDIC over DOGE efforts
A cohort of Democratic Senators on the Banking Committee expressed concern over the Department of Government Efficiency’s ongoing efforts to cut Federal Deposit Insurance Corp. staff and contracts, saying they worried the efforts could weaken the nation’s deposit insurer and expose sensitive bank data if improperly handled.
Fintechs warned to step up anti-fraud efforts using AI
At a New York Fintech Week event, speakers urged fintechs to better understand the criminal mindset and to use artificial intelligence to detect and thwart fraud.
Fed official: ‘Some’ repo volatility is good for the market
Federal Reserve Bank of Cleveland President Beth Hammack said the central bank should not let fears of money-market shakiness cause it to stop balance sheet runoff too soon.
First Citizens prefers buybacks over M&A, for now
The Raleigh, North Carolina-based company, which has been acquisitive in recent years, is more than halfway through a $3.6 billion share repurchase plan. Executives said it’s currently the best way to return capital to shareholders, but mergers remain part of its long-term strategy.
Bread beat expectations for Q1, lowered guidance for 2025
The credit card issuer trimmed its outlook on revenue and average loan growth, but maintained its target for net loss rates against the backdrop of an otherwise solid quarter. The company also announced a new co-branded credit card with Crypto.com.
How many credit unions have acquired banks in 2025?
Credit unions are continuing to buy community banks, although at a slower pace than in 2024.