Trump’s DEI order collides with the FDIC workplace scandal
President Trump’s executive order is meant to roll back his predecessor’s emphasis on diversity and inclusion, but it could also complicate the Federal Deposit Insurance Corp.’s efforts to correct its own workplace-harassment problems.
Capital One outage, CFPB uncertainty: Top banking news January 2025
Capital One’s five-day interruption, President Trump’s planned dismantling of the Consumer Financial Protection Bureau and more this month.
The CFPB’s recent lawsuits cement the case for its dissolution
A trio of high-profile lawsuits issued at the tail end of the Biden administration indicate that the agency cares more about pursuing a political agenda than it does about helping American consumers.
Mastercard’s product diversification drives earnings beat
The card network touted value-added services such as technology and security as its fourth-quarter performance came in ahead of Wall Street analysts’ expectations.
Banks are counting on this one segment to drive loan growth
During fourth-quarter earnings calls, bank leaders said they don’t expect borrower demand to pick up until the second half of 2025. But to the extent there’s optimism, it involves business lending.
Trump Media launches financial services and fintech brand
Truth.Fi will offer ETFs, cryptocurrencies and crypto-related securities.
UMB soars while Heartland stumbles just before deal closes
In the fourth quarter, UMB Financial’s earnings outpaced Wall Street’s estimates — but the bank it’s acquiring, Heartland Financial, fell short of them.
‘Pent-up deal flow’: How Trump will impact the economy
M&A, economic growth and artificial intelligence are among the leading issues banks will encounter this year, economists said.
Trump’s crypto shadow reaches Europe
The Czech Republic’s central bank plans to shift billions of reserves to bitcoin. Plus Australia and the Netherlands crack down on BNPL, and other news from the world of payments.
Powell: law-abiding crypto customers shouldn’t lose accounts
The Federal Reserve chair said banks are well suited to handle risks related to crypto-related customers, but the threshold for engaging in such activities directly.