FDIC introduces contingent approval for de novo applicants
The agency will give qualified new-bank applicants a contingent authorization within 120 days of applying, with an additional year after that to organize the bank before final green-light.
Record home equity masks troubling rise in underwater loans
The new record arrives after five months of annual home-price growth, which surged to its highest in more than a year, according to ICE Mortgage Technology.
What RTP and FedNow rule changes mean for cross-border payments
Amid competition for international transfers, the U.S. is taking baby steps to facilitate faster, more efficient transactions.
Edward Jones profit soars 25% on client flows, asset appreciation
Edward Jones financial advisors helped the firm reel in $17.7 billion in net new assets in the second quarter. And another recent filing gave clues about the firm’s upcoming planned changes to equity stakes.
Press Release: FDIC Announces New Review Process for Deposit Insurance Applications
PRESS RELEASE | AUGUST 10, 2026 Press Release: FDIC Announces New Review Process for Deposit Insurance Applications WASHINGTON—The Federal Deposit Insurance Corporation (FDIC) today announced a new two-phase process the agency will use to review new deposit insurance applications. The new procedures are intended to encourage new bank formation, accelerate the speed of the review […]
Illinois bank approaches $10B-asset mark with latest deal
HBT Financial in Bloomington, Illinois, has agreed to acquire Tri-County Financial Group in a deal valued $204.6 million.
Reed bill seeks clearer federal insider trading rules
The bill, dubbed the Insider Trading Prohibition Act, sponsored by Sen. Jack Reed, D-R.I., would amend the Securities Exchange Act of 1934 to prohibit certain securities trading and related communications by people who possess material, nonpublic information.
Fifth Third latest target in USAA’s patent war with banks
USAA sued Fifth Third last month over four patents. The bank had already asked the patent office to cancel two of them.
The problems in the July jobs report are bigger than one report
The July jobs report was bad, but the context is worse: people leaving the labor force, stubborn inflation and rising bond yields.
Here’s what happened when a struggling bank was ‘too small to save’
America’s smallest bank, with just $3.7 million of assets, survived for more than a century, including the Great Depression and the Great Recession. But, it could not survive overzealous regulators.