Fed exploring home loan bank collateral interoperability
Federal Reserve Vice Chair Philip Jefferson said the central bank is in the “early stages” of enabling banks to pledge assets to both the Federal Home Loan Bank and discount window liquidity facilities.
Asset-based bank regulatory classifications are badly outdated
U.S. banks are sorted into different regulatory regimes based on asset-size thresholds established in another era. Those classifications need to be recalibrated and indexed to inflation.
Fed’s Bostic flags inflation concerns, sees 1 cut this year
“I worry a lot about the inflation side, and mainly because we’re seeing expectations move in a troublesome way,” Federal Reserve Bank of Atlanta President Raphael Bostic said.
Your roadmap to becoming a commercial banker
Breaking into a new industry can be daunting, especially in a field as complex as banking. Here’s how experts recommend getting started.
Investors await another Monday jolt after Moody’s downgrades US
Investors face yet another bumpy start to the trading week, although it’s mounting concern over US debt rather than tariffs likely generating the volatility this time.
Capital One closes Discover acquisition after 15-month journey
Almost 15 months after its announcement, Capital One Financial Corp.’s takeover of Discover Financial Services was officially completed on Sunday, creating the largest credit-card issuer by loan volume in the US.
Appeals court hears CFPB argument for 90% reduction in force
Firing 90% of the Consumer Financial Protection Bureau’s staff and stripping it down to “the statutory studs” is lawful, an attorney for the CFPB told an appeals court.
Texas credit union’s members OK merger with big CEO payout
The merger, which provides for $6.75 million in payments to three Space City Credit Union executives, had drawn criticism. But Space City members approved it by an 82% to 18% margin.
Jennifer Lassiter joins Standard Chartered as head of digital assets, Europe
Standard Chartered Bank hired a new head of digital assets, Europe and Americas; Provident Financial Holdings has a new chief financial officer; Bank of America is opening four branches in Boise, Idaho; and more in this week’s banking news roundup.
Coinbase breach highlights insider threat risks for financial sector
Bribed overseas contractors accessed internal systems, triggering a months-long breach with costs reaching up to $400 million.