Banc of California boosts L.A. businesses with $1M donation
As the city slowly recovers from January’s wildfires, Banc of California is working with a local nonprofit group to help small businesses bounce back.
Senate Banking Dems want regulators to delay eSLR
In a letter led by Senator Elizabeth Warren, D-Mass., all Democratic members of the Senate Banking Committee asked Trump-appointed regulators to extend their consideration of public comment on the proposal to reduce a capital requirement on megabanks, citing insufficient rationale for the change and the potential systemic risks the change could introduce
Could a Ph.D. program have changed the history of junk bonds in the US?
Junk bonds made Michael Milken the most important and richest person on Wall Street. But they caused many large thrifts to fail. Had he listened to his professors and pursued his Ph.D. in 1970, his legacy might have been different.
These five regionals could be sellers. The reasons vary.
As regional bank consolidation heats up, Comerica, First Horizon and Banc of California are among the institutions that analysts see as the most likely targets for takeovers.
CFPB proposes a rule change to cut nonbank supervision
The Consumer Financial Protection Bureau has proposed reducing supervision of all but the largest nonbanks in four key markets: auto financing, consumer credit reporting, debt collection and international money transfers.
CFPB to hold Synapse responsible for missing customer funds
The Consumer Financial Protection Bureau has been investigating the failed banking-as-a-service fintech and is preparing to file a complaint accusing it of unfair acts or practices.
Chime reports first earnings since IPO
Revenues were up for the quarter, but stock compensation-related expenses brought the neobank to a negative net income.
Press Statement: Statement from Acting Chairman Travis Hill on Executive Order Titled “Guaranteeing Fair Banking for All Americans”
PRESS STATEMENT | AUGUST 8, 2025 Statement from Acting Chairman Travis Hill on Executive Order Titled “Guaranteeing Fair Banking for All Americans” The FDIC fully supports President Trump’s Executive Order on politicized or unlawful debanking. As I’ve said in the past, debanking law-abiding customers is unacceptable and regulators must work to end it. The FDIC […]
Fulton Financial’s Angela Snyder plans to retire
In this week’s banking news roundup: Fulton Financial’s Angela Snyder announces plans to retire as president of the Lancaster, Pennsylvania-based bank; Columbia Banking System in Tacoma, Washington, finalizes plans for its latest acquisition; Flagstar Financial opens its first private banking office in Florida; and more.
Microsoft vulnerability affects certain Exchange users
The security problem affects organizations with a hybrid Exchange environment, running applications in both on-premises servers and Microsoft’s cloud.