Yeehaw — Texas community banks outperform peers across U.S.
Seven of the 20 top-performing banks with $2 billion to $10 billion of assets last year were based in Texas. But it’s not about being bigger.
Wash. bank CEO to step down amid $106 million lawsuit
First Northwest Bancorp is parting ways with CEO Matt Deines “by mutual agreement,” the Port Angeles, Washington-based company said. Deines’ departure comes a month after a hedge fund sued, alleging the lender was complicit in a Ponzi scheme.
Waller says QE to blame for Fed losses on reserve interest
Federal Reserve Gov. Christopher Waller said that criticisms of the Fed’s balance sheet and calls to return to a scarce reserves system are misinformed, saying that much of the central bank’s balance sheet is the result of activities outside the Fed’s control.
Fed mulls smaller role for governance in supervisory ratings
The Federal Reserve Thursday issued a proposal that would allow banks to be considered “well managed” even if they are found to be deficient in their governance and controls.
Live Oak says customers will get new debit cards on time
The digital bank had previously notified about 1,000 business customers that they would lose access to their debit cards for a week, amid a systems update.
Gould confirmed as OCC head
Jonathan Gould, who’s worked in the crypto industry and has advocated for more fintech and crypto-friendly regulation of banks, was confirmed by the Senate Thursday. He is expected to both continue deregulating the banking sector and encouraging bank-fintech partnerships.
Digital workers are coming. Managing them is a new challenge.
Several large banks are deploying agentic AI. There’s a big difference between managing people and managing AI agents.
Are stablecoins money? What does that mean for payments?
Noelle Acheson asks whether stablecoins can be considered “money” according to traditional definitions. And if not, what does that mean for payments?
Sen. Hassan vows crackdown on fraud and AI-driven scams
The New Hampshire congresswoman promised new investigations into scam drivers, including AI and digital payment platforms.
CTA rollback takes away key AML tool for banks
Despite bipartisan support and backing from bank trade groups, the Treasury scrapped a corporate ownership reporting rule meant to expose shell companies and aid financial compliance. But the problems that spurred the law’s passage still remain.