Fintech Plaid will not go public in 2025, raises $575 million
A Plaid spokesperson said an IPO remains ‘a milestone we’re tracking towards’ but it wouldn’t happen this year.
Mr. Cooper in court on two fronts following IT breach
The megaservicer is fending off a class-action lawsuit while suing its insurers for allegedly failing to indemnify it following its breach in 2023.
Press Release: FDIC Issues List of Banks Examined for CRA Compliance
PRESS RELEASE | APRIL 4, 2025 FDIC Issues List of Banks Examined for CRA Compliance WASHINGTON – The Federal Deposit Insurance Corporation (FDIC) today issued its list of state nonmember banks recently evaluated for compliance with the Community Reinvestment Act (CRA). The list covers evaluation ratings that the FDIC assigned to institutions in January 2025. The […]
CBDC advocates tout ‘inclusion,’ but women are being left behind
Central bank digital currencies have the potential to improve financial inclusion for women, but only if they are combined with a system that lowers multiple other barriers to their financial empowerment.
Three key factors as banks manage CRE risk in 2025
As the risk of a recession rises, commercial real estate loans remain a major concern for banks and industry participants. One observer asked: “Is ’25 the year where sellers start to capitulate, call a loser a loser, and move on?”
FDIC upheaval offers crypto opportunity, bank uncertainty
The Federal Deposit Insurance Corp. is navigating widespread layoffs and policy changes amid a government-wide overhaul. What does it mean for the industry?
Economy added 228,000 jobs in March, beating expectations
Unemployment remained relatively stable amid declining consumer confidence and an emerging trade war, which have roiled markets.
Virginia’s TowneBank strikes deal for a local rival
The Suffolk, Virginia-based bank has agreed to pay more than $200 million for Old Point Financial in Hampton. It announced the deal just two days after its previous acquisition closed.
Tariffs add pressure on already stressed auto loans
President Trump’s tariffs on imported vehicles threaten to drive up auto prices at a time when more car owners are already drifting into delinquency on their loans.
Capital One-Discover deal waved ahead by antitrust officials
The proposed $35 billion merger between Capital One and Discover cleared a major regulatory hurdle as the Justice Department told financial regulators in a confidential memo that it didn’t have sufficient evidence to block the transaction.