Trump promised an American boom. He now says it may take a while
Presidents have long rushed to take credit for booms and distanced themselves from busts. But Trump’s situation is unusual. The risks to the U.S. economy — potentially including stagflation or even recession — are closely linked to his own flagship initiative: a new tariff bonanza due in just over two weeks.
OCC drops reputational risk from exams amid debanking debate
The OCC will no longer assess reputational risk in bank exams, aligning with President Trump’s push to curb debanking, which critics say drove politically motivated account closures.
Q&A: What BitGo CEO Mike Belshe wants from crypto regulation
In an interview with American Banker, Belshe, who leads the world’s largest independent cryptocurrency custodian, talked about regulatory changes under the new administration and his hopes for a digital asset market structure.
Two Miss. banks to merge as buyers eye southern part of state
BankFirst Capital Corp. is seeking to bolster its presence in southern Mississippi with a deal to acquire Magnolia State.
Crypto’s clout in Washington is soaring
The cryptocurrency industry is on a roll in Washington and it’s not just because of President Donald Trump.
Fed’s Waller sees ‘no evidence’ of reserve shortage
The Federal Reserve governor voted against the decision to slow the pace of balance sheet reduction earlier this week, preferring to allow the current pace of reduction.
Call off the DOGE — indiscriminate axing of regulators is bad policy
Gutting U.S. bank regulatory agencies risks undermining public faith in the banking system and driving community bank customers into the arms of a few “too big to fail” institutions.
How staffing inadequacies are driving AML troubles
Banks such as Texas Capital and Synovus say they’re learning from anti-money-laundering failures elsewhere. They emphasize the importance of having enough compliance staffers — and ensuring they have the necessary skills.
How Walmart became a battleground for BNPL industry
As Klarna wins installment lending for the retail giant’s OnePay app, rival Affirm seeks to downplay the loss.
Patriot National raises $50 million, parts ways with CEO
The Connecticut bank said its newly minted president, Steven Sugarman, successfully led a private placement and signed a long-term employment agreement that makes him a potential CEO. David Lowery, current chief executive of Patriot, plans to step down in April.