Okla. bank pounces on court-ordered sale of shares in N.M. rival
Oklahoma’s Bank7 may acquire New Mexico’s Century Bank by the end of the year. The reason: a wealthy Century shareholder is being forced to sell his shares to satisfy a $40 million debt.
For Utah de novo bank, second time appears to be a charm
Organizers of Bank of St. George were close to the finish line in 2020 when the COVID-19 pandemic arrived. Now CEO Bruce Jensen says the planned bank should open its doors by the end of the year.
Trump moves up federal quantum-encryption deadlines
Two executive orders pulled federal deadlines for quantum-proof encryption forward to 2030, after 2026 research cut the cost of breaking today’s codes.
Surviving the shift: The tech choices facing community banking
The need to scale quickly is adding new challenges to the build vs. buy debate
How the federal student-loan overhaul may impact banks
The private student loan market figures to benefit from Republican-led changes to the much larger federal program. But other consumer lenders could face a fallout as more Americans are forced to reconsider which debt payments to prioritize.
Klarna seeks a bank license to directly rival US institutions
The buy now/pay later provider and aspiring neobank submitted applications to the Utah Department of Financial Institutions and the Federal Deposit Insurance Corp. to establish Klarna Bank.
The jobs market is weaker than it looks
The U.S. has created just 36,000 jobs on average every month over the last year; that’s long enough to be a trend, and a weak one at that.
Fed’s Waller says forward guidance ‘more art than science’
Federal Reserve Board Gov. Christopher Waller says he is OK with dialing down the amount of communication issued by the central bank’s monetary policy committee, but doesn’t want the central bank to throw out the baby with the bathwater.
As the US celebrates 250, remember the cradle of its banking industry
Washington, D.C., may be the epicenter of the nation’s birthday celebrations, but the financiers, financial institutions and city that funded it deserve some attention, too.
Scholars call Slaughter ruling ‘Brexit moment’ for U.S.
Banking law scholars warn the Supreme Court’s ruling in Trump v. Slaughter will further politicize bank regulation, clouding policy expectations for firms and reshaping the balance of power between the White House and financial regulators.