DOJ seeks early end to NJ bank’s redlining consent order
The Department of Justice is seeking to terminate a Biden-era lending discrimination settlement with Lakeland Bank. Last month, the DOJ took similar action in a case involving Mississippi-based Trustmark National Bank.
Why smaller bank CEOs got bigger pay hikes in 2024
The CEOs of smaller regional banks received fatter bonuses last year than their big-bank counterparts, possibly thanks to low performance expectations at the smaller banks after the 2023 banking crisis.
KeyBank expands Qolo partnership with minority investment
The investment follows the success of KeyVAM, a virtual account management platform developed with the fintech for treasury clients and launched last year.
Fast-growing bank resolves order over reliability of funding
Forbright Bank was reprimanded by the FDIC last year in connection with its use of brokered deposits. To address the issue, the Maryland-based lender has built out a digital banking arm.
The Senate’s stablecoin bill risks repeating past legislative mistakes
The GENIUS Act, in its current form, fails to account for the substantial risk of stablecoin runs and blocks regulators from imposing necessary oversight. It also lacks measures to prevent their use in illicit transactions.
Former Fed vice chair Stanley Fischer dies at 81
Fischer, who served on the central bank boards of both Israel and the United States and served as the Federal Reserve vice chair from 2014 until 2017, died Saturday at age 81.
‘Make the bold move’: Anchorage CEO to banks
Nathan McCauley told bankers now is the right time to get in on cryptocurrency.
Fed’s Waller backs change to ‘dot plot’ economic outlook
Federal Reserve Gov. Christopher Waller said changes to the Federal Open Market Committee’s quarterly economic projections could lead to clearer communication with markets and market participants.
Circle, backers seek $896 million after boosting IPO size
The stablecoin issuer and some of its backers are now offering 32 million shares at a price range of $27 to $28 each, suggesting strong investor demand for the stock.
Net charge-off ratio at 15 largest US banks in Q1
The 15 largest banks had an average NCO ratio of 0.66% in the first quarter.