What’s next for CFPB, $35B Capital One-Discover merger in June
The Consumer Financial Protection Bureau’s erosion and the second phase of the Capital One merger with Discover are top of mind for bankers going into June.
Press Release: FDIC-Insured Institutions Reported Return on Assets of 1.16 Percent and Net Income of $70.6 Billion in the First Quarter
PRESS RELEASE | MAY 28, 2025 FDIC-Insured Institutions Reported Return on Assets of 1.16 Percent and Net Income of $70.6 Billion in the First Quarter Net Income Increased From the Prior Quarter, Led by Higher Noninterest Income Community Bank Net Income Increased From the Prior Quarter Quarterly Net Interest Margin Ticked Down From the Prior […]
Federal snooping enabled by the Bank Secrecy Act has gone too far
The Treasury Department is claiming extensive authority to pry into the private financial information of Americans on the flimsiest of pretexts. It’s time for the courts to step in.
What are the whys behind AI adoption in insurance firms?
A recent Digital Insurance survey found that boosting workplace efficiency and customer experiences were a handful of goals for artificial intelligence use.
BMO beats estimates on loan income even as provisions climb
Bank of Montreal in its fiscal second quarter set aside more money to cover loans that are still in good standing, highlighting concern about the fate of the North American economy.
These bank CEOs got the biggest pay raises last year
The leaders that saw their salaries skyrocket the most in 2024 had also gotten pay cuts in the prior year.
Philadelphia-area credit union seizes on SBA for relevance
Citadel Credit Union is joining the small cadre of credit unions active in the Small Business Administration’s biggest loan program as it seeks to expand in its small-business-rich footprint.
Trustmark gets early exit from redlining consent order
Regulators say the Mississippi-based depository satisfied the terms of the $5 million settlement it reached with Biden administration officials in 2021.
Circle’s IPO moves ahead, ending sale speculation
The stablecoin issuer has kicked off its initial public offering after reportedly delaying it due to macroeconomic uncertainty caused by Trump’s tariff plans last month. It first filed its S-1 with the Securities and Exchange Commission in April.
Stress-test suit pause lets all sides fight another day
The Federal Reserve and several industry groups agreed to put an indefinite stay on their legal fight over the annual examination process.