Court’s delay in Cook case hints at unique thinking for Fed
Legal experts say the Supreme Court’s decision not to immediately rule on a request to remove Federal Reserve Gov. Lisa Cook from office suggests that, whatever the court’s views on independent agencies may be, it views the central bank differently.
OCC to dramatically reduce community bank regulation
The Office of the Comptroller of the Currency Monday said it will scrap fair housing reporting requirements, fast-track licensing for small banks and simplify regulation for smaller institutions overall.
Penny shortage causes ‘chaos’ for banks and retailers
Supplies of the one-cent coin have fallen faster than expected, causing headaches for cash businesses and the lenders that provide them with change.
Citi’s Banamex gets competing bid from Mexican mining tycoon
Citigroup’s Banamex received an offer that would put full control of the Mexican franchise in the hands of Grupo Mexico.
Former Fiserv chief Bisignano named ‘CEO’ of IRS
Frank Bisignano, the former chairman and CEO of Fiserv, will become the “CEO” of the IRS, a newly created role, in addition to his post running the Social Security Administration.
Gould says debanking crackdown will target big banks
Comptroller of the Currency Jonathan Gould says he wants to crack down on big banks caught cutting ties with controversial, if lawful, individuals and businesses, as required by President Trump’s debanking initiative.
US Bank tops mobile banking surveys for second year in a row
The superregional bank ranked at the top of surveys from Javelin Strategy and Keynova Group on mobile banking features for the second consecutive year.
Why Checkout.com is seeking a Georgia state bank charter
The London-based firm is seeking a license that would provide a direct connection between merchants and card networks, reducing reliance on third parties and brandishing the London company’s image as a player in America.
Fifth Third’s Comerica deal: ‘The biggest thing we’ve ever done’
Fifth Third announced it plans to buy the Dallas bank in a $10.9 billion transaction.
Sanctions on Russia were just a warm-up for a future crisis with China
As the likelihood of conflict in the Taiwan Strait grows, banks ought to be beefing up their sanctions compliance teams to deal with a huge increase in activity. Unfortunately, they are doing exactly the opposite.