Pro-Russia hackers target Italian banks in apparent DDoS attack
The hacker group NoName057 claimed responsibility for DDoS attacks on major Italian banks, citing President Mattarella’s remarks on Russia’s invasion of Ukraine.
Cathie Wood is OK with the ‘wall of worry’ around Bitcoin
The Ark Invest founder said at a Cboe event the fluctuation in the crypto market is “extremely healthy.”
House GOP asks FDIC to ditch reputational risk from exams
Senior Republican House Financial Services Committee lawmakers in a letter to the Federal Deposit Insurance Corp. gave a series of recommendations that they said would combat so-called “debanking.”
Fed vice chair says approach automated analysis with caution
Federal Reserve Vice Chair Philip Jefferson said clearer Fed communication and better text analysis has made monetary policy transmission more efficient, but noted that the central bank must remain diligent in how it communicates forward monetary policy guidance.
Dime Community taps Geisel to extend commercial banking push
The New York-based institution tapped the former Republic First CEO to help oversee its transformation from a predominantly multifamily lender into business bank.
Block’s ‘neighborhood network’ draws mixed reviews
The payments company, which is unifying parts of its operation to deepen its reach with consumers and businesses, saw its stock fall more than 10% after reporting mixed earnings, though analysts are more bullish on the company’s future.
Citi scraps diversity goals, ‘DEI’ term under Trump pressure
The New York megabank facilitates much of the U.S. government’s payment network domestically and internationally, making it a major federal contractor and vulnerable to the Trump administration’s scrutiny.
Banks aren’t as worried as they should be
President Donald Trump’s concerted effort to bring the entirety of the executive branch under his direct control defies tradition, and in some cases, likely the law. Banks have thus far voiced little objection, but they should know how critical the rule of law is to their bottom line.
Think strategically, not tactically, to remedy AML failures
Too often, banks confronting a problem with their anti-money-laundering compliance opt for quick fixes that fail to address the root of the problem. Building a good corporate risk culture takes time and investment.
20 banks that closed the most branches in 2024
The top five banks in this list closed a net total of 518 branches in 2024.