Top enforcement actions against banks in 2024
Banking regulators hit companies with penalties for poor interest-rate risk, third-party management, anti-money-laundering controls and consumer protection, among other violations.
Six bank M&A deals top $1 billion
Transactions grew larger and more frequent this year. As a result, aggregate value more than tripled from 2023 and topped $15 billion.
Press Release: FDIC Makes Public November Enforcement Actions; No Administrative Hearings Scheduled for January 2025
PRESS RELEASE | DECEMBER 27, 2024 FDIC Makes Public November Enforcement Actions; No Administrative Hearings Scheduled for January 2025 WASHINGTON – The Federal Deposit Insurance Corporation (FDIC) today released a list of orders of administrative enforcement actions taken against banks and individuals in November 2024. There are no administrative hearings scheduled for January 2025. The […]
Minority groups should brace for the impact of Trump’s bank policies
The president-elect’s history of deregulatory financial services policies could offer some benefits to minority businesses and consumers, but the more likely outcome is reduced access to capital and higher costs.
Richard Parsons, who chaired Citi during financial crisis, dies at 76
The executive dubbed “Captain Emergency” stabilized ailing companies such as AOL Time Warner and Dime Savings Bank before being named chairman of Citigroup in 2009.
Gen Z, millennials drive BNPL growth this holiday season
Improved consumer confidence helped to drive greater use of buy now/pay later as younger generations turned to short-term installment options.
Banking’s big moves in 2024: Fed cuts, mergers and Trump
This year saw the impact of Donald Trump’s return to the White House, the first rate cut from the Federal Reserve in roughly four years and more.
Bankwell approves increased ownership stake for activist investor
The New Canaan, Connecticut-based company agreed to allow Larry Seidman, who sits on its board, buy an additional 5% of its shares. Seidman currently owns about 9.5% of Bankwell.
The year in review: The Climb
A roundup of the past year’s profiles of senior executive women in banking and finance.
Outlook 2025: What will the FOMC do?
Analysts are unsure what the Federal Open Market Committee will do with monetary policy in 2025. The panel projects two rate cuts, but some analysts expect more, and others see fewer.