KeyCorp taps Truist exec as chief risk officer
Mohit Ramani joins the Cleveland-based company next week. His predecessor, Darrin Benhart, will fill a newly created role as Key’s chief regulatory officer.
CFPB releases guidance documents as blueprint for states
The Consumer Financial Protection Bureau released recommendations on how states can beef up enforcement after the Trump administration takes office next week.
Bank M&A deal sizes poised to surge in 2025
Advisors predicted that more banks will do deals and those transactions will be larger in 2025 amid expectations for lighter regulatory scrutiny.
Supreme Court to determine what constitutes ‘truth’ in banking
The Supreme Court heard oral arguments in Thompson v United States, which could decide whether the federal government can prosecute “misleading” in addition to “false” statements to the Federal Deposit Insurance Corp.
2025 banking forecasts: Taming the CFPB and Trump’s return
Lawsuits challenging the Consumer Financial Protection Bureau’s final rule on medical debt are the latest issues facing banks ahead of Donald Trump’s return.
The FHFA could save borrowers billions with automated PMI cancellation
Making the cancellation of private mortgage insurance policies automatic when a home’s loan-to-value ratio is lower than 80% would be a huge benefit for borrowers.
Goldman Sachs doubles profits as investment bank fees rise
Goldman Sachs reported strong growth in the fourth quarter, with investment banking fees up 33%.
Wells Fargo’s profits jump 47% amid dealmaking rebound
The megabank saw $5.1 billion in profits in its fourth quarter, as higher fees from investment banking and wealth management offset weaker interest income on loans.
JPMorgan Chase earnings lap analyst expectations
The $4 trillion-asset bank saw its investment banking business surge, while other products held steady.
JPMorgan returns to the office. Will other banks follow?
It’s not just JPMorgan Chase. Across the industry, banks are rethinking their remote-work policies — but experts say it won’t be easy to turn back the clock.