Former BaaS bank cited again by regulators
The Federal Reserve issued an enforcement action against Lineage Bank and its holding company, following a similar move by the Federal Deposit Insurance Corp. earlier this year.
First Guaranty slashes dividend to just 1 cent a share
The Louisiana-based bank reduced its dividend to a penny, the second reduction it has made this year as it tries to bring down expenses and generate more capital.
Banks seek injunction to stop CFPB’s $5 overdraft rule
Bank trade groups filed a motion for a preliminary injunction to stop the Consumer Financial Protection Bureau’s $5 overdraft fee rule from going into effect late next year.
As we integrate AI into banking, we must preserve our humanity
The integration of artificial intelligence into financial services demands a human-centered approach. This is both a moral obligation and a strategic necessity.
Fintech Chime submits confidential filing for IPO
The challenger bank aims to go public in 2025, according to people familiar with the matter.
First Commonwealth to acquire CenterGroup in Cincinnati
The Pennsylvania-based buyer said it would pick up nearly $350 million of assets and a commercial-focused loan portfolio as part of the $54.6 million deal.
What fintechs and banks are doing differently post Synapse’s collapse
Fintechs and their partner banks are keen to hold the industry to high standards of regulatory compliance in the interests of everyone’s reputation.
Trump ‘uncertainty’ contributes to hawkish shift at Fed
The Federal Reserve lowered its policy rate but signaled a more “cautious” approach to future cuts in light of higher inflation expectations. Policy uncertainty was one of several contributing factors to that change in forecast.
Blue Chip Companies Are Ditching ESG Terms From Their Loans
Companies are dropping sustainability-linked loans as they face a tougher regulatory environment.
SouthState’s $2B bank deal, the year’s largest, clears key hurdles
The Federal Reserve and OCC approved the company’s plan to buy Independent Bank Group in Texas, putting the deal on track to close early next year as expected. In an atmosphere of M&A delays for banks, the deal is on a relatively smooth path.