Statement by Chairman Travis Hill on Title I Feedback Letters and Resolution-Related Reforms
STATEMENT | MAY 22, 2026 Statement by Chairman Travis Hill on Title I Feedback Letters and Resolution-Related Reforms Today, the FDIC and Federal Reserve Board announced the approval of joint agency feedback letters in response to the 2025 resolution plan submissions of the eight U.S. global systemically important banks (GSIBs) and 56 foreign-based firms. As […]
Amerant names new CEO, Illinois community banks agree to merge
Amerant Bancorp in Coral Gables, Florida, appointed Carlos Iafigliola its permanent president and CEO; Morton Community Bank in Illinois reached a deal to buy a three-branch franchise in the Land of Lincoln; Bank First in Manitowoc, Wisconsin, agreed to acquire PSB Holdings; and more in this week’s banking news roundup.
Press Release: FDIC Board Approves Proposal to Address Bank Secrecy Act and Sanctions Compliance Standards for FDIC-Supervised Permitted Payment Stablecoin Issuers
PRESS RELEASE | MAY 22, 2026 FDIC Board Approves Proposal to Address Bank Secrecy Act and Sanctions Compliance Standards for FDIC-Supervised Permitted Payment Stablecoin Issuers WASHINGTON—The Federal Deposit Insurance Corporation (FDIC) Board of Directors approved a notice of proposed rulemaking that would implement Bank Secrecy Act (BSA) and sanctions compliance standards applicable to FDIC-supervised permitted […]
Kevin Warsh sworn in as Federal Reserve Chair
President Donald Trump administered Federal Reserve Chair Kevin Warsh’s oath of office in a ceremony Friday morning. Warsh is expected to pursue changes at the central bank, including a push to reduce its $6.7 billion balance sheet.
As inflation rises, Fed’s Waller ready to drop ‘easing bias’
Federal Reserve Gov. Christopher Waller said in a speech Friday that he favors holding interest rates steady until energy prices fall, but noted that the central bank should be ready to hike rates if inflation gets too far out of hand.
AI beats humans at transaction monitoring, Revolut US CEO says
Cetin Duransoy said every employee at his company is now using AI in some way.
Crypto firms need to get serious about consumer safeguards
The use of cryptocurrency products will only go truly mainstream when everyday consumers feel confident that their assets are not at risk of disappearing because of a mistake or an oversight.
The Fed, the White House and the skinny accounts
The central bank said it had a new proposal for its so-called skinny accounts, right after the White House ordered essentially the same thing. Coincidence?
Attention banks: Consumers want more payments data in apps
Many banks are missing revenue and cost-cutting opportunities—and potentially disenfranchising customers by not offering relevant app details.
Banks are again vying for CRE loans as fears subside
Lenders pulled back on commercial real estate loans in 2023, as high interest rates put pressure on property values. They’re now returning to the sector, and the renewed competition is prompting a pricing war.