A resolution for 2025: More empirically based banking regulation
In the year ahead, financial services regulatory agencies should take the opportunity to pull back from ideology-driven supervisory decisions and embrace a fact-based approach that will boost the U.S. economy.
Recent CFPB rules face repeal with no return under Trump
The Consumer Financial Protection Bureau’s last-minute actions are expected to annoy the incoming Trump administration, which will seek to undo them, putting protections in jeopardy.
KeyCorp CEO Gorman to receive $7.5M bonus after Scotiabank investment
Chris Gorman and four other high-ranking KeyCorp executives have been granted a combined $16.7 million in performance-based equity awards that will vest in two years, as long as the Cleveland-based company meets certain capital requirements and earnings goals.
Year-end heavy lifting gives New York bank a new look
Arrow Financial in Glens Falls kept busy in December, consolidating its two subsidiary banks, expanding its board and restructuring its securities portfolio.
Banks more confident about 2025 asset growth
A recent industry survey finds most participating banks predict asset growth for 2025; Frax Finance launches a new stablecoin backed by BlackRock; Camden National closes its acquisition of Northway Financial; and more in this week’s banking news roundup.
Barkin says he prefers Fed keep rates restrictive for longer
The Federal Reserve Bank of Richmond president said while he believes the central bank’s current level of rates is restraining the economy enough to continue lowering inflation in 2025, there are still upside risks to inflation and growth.
How Jenius Bank can afford to pay 4.8% on savings
The digital bank unit of SMBC Manubank keeps costs low with remote employees and all tech in the cloud, President John Rosenfeld says.
What will the world economy look like in 2100?
In their new book, “The New World Economy in 5 Trends,” Koen De Leus and Philippe Gijsels predict a future in which neutral interest rates are higher, technology is transformative and the urgency of climate-change adaptation creates investment opportunities.
New community bank leaders emerge in December
Lenders across the country promoted from within to fill top executive roles, including First International Bank & Trust in Watford City, North Dakota.
Bitcoin’s role in the future of finance is more nuanced than you think
The future of bitcoin isn’t a winner-takes-all scenario where it either replaces the existing financial system or fails entirely. Instead, it’s evolving into a multifaceted financial technology.