Bessent wants end to GSE conservatorship but is open to how
Trump’s pick for treasury secretary commits to a thorough and careful recapitalization and release process for Fannie Mae and Freddie Mac.
Trump issues federal workforce executive orders, union sues
President Trump reinstated a revised executive order from his first term that would make it easier for the White House to remove policy-facing federal employees — including Senior Executive Service employees. The National Treasury Employees Union sued the White House in response.
Unsecured database exposes 240k records of Willow customers
A security researcher found a database exposing names, addresses, and bills apparently belonging to Willow Pay, a fintech for short-term financing on bills.
FDIC exits Network for Greening Financial System
The Federal Deposit Insurance Corp. Tuesday officially withdrew from an international regulatory body devoted to combatting climate-driven financial risks, following similar actions by other U.S. bank regulators.
Acquisitive Old National eyes growth in Midwest, Southeast
The Indiana-based company grew fourth-quarter loans and profits in part because of an acquisition in Nashville, and it expects to bulk up further with a deal in Minnesota’s Twin Cities that was among the largest announced in 2024.
Goldman picks leaders to run Wall Street engines in revamp
The male-heavy promotions cap more than a year of deliberation inside Goldman over how to designate the firm’s next generation of leaders, giving the roster more influence in shaping the development of operations.
Press Release: FDIC Withdraws from the Network of Central Banks and Supervisors for Greening the Financial System
PRESS RELEASE | JANUARY 21, 2025 FDIC Withdraws from the Network of Central Banks and Supervisors for Greening the Financial System WASHINGTON – Effective today, the Federal Deposit Insurance Corporation (FDIC) has withdrawn from the Network of Central Banks and Supervisors for Greening the Financial System (NGFS). The work of NGFS is not within the […]
FDIC Acting Chair Hill lays out new regulatory priorities
The Federal Deposit Insurance Corp.’s newly installed Acting Chairman Travis Hill Tuesday issued a statement laying out his priorities for the agency, including reviewing and repealing Biden-era bank regulations, a softer approach to fintech and crypto and addressing so-called “debanking.”
Schwab Rises After Earnings Top Estimates on Record Inflows
Full-year revenue growth was 4%, surpassing the 3% to 3.5% guidance the firm gave in December. Schwab expects revenue to increase by 13% to 15% this year.
Maintaining safe and secure digital payments requires all hands on deck
Industry players, regulators and law enforcement will need to work together in 2025 to ensure that as Americans increasingly rely on digital payments, the fraudsters trying to take advantage of them are kept at bay.