Trump asks bank CEOs to pitch on Fannie, Freddie stock offerings
President Donald Trump is bringing in bank leaders to meet with him one by one at the White House. Beyond the economic discussion, there’s a chance at a big payday for their firms.
Banks should take the lead in developing a trusted digital ID system
U.S. banks should look to Sweden, where the identity verification measures put in place by banks also give users access to both government and private-sector platforms.
Cullen/Frost’s investment in Texas expansion soon to pay off
The San Antonio-based company plans to remain in state borders, but sees opportunity for growth in major markets.
As the credit union industry booms, who’s watching?
A dramatic boardroom purge at the NCUA has unleashed a fierce debate over the future of credit unions, and whether they’re still serving their original mission.
Wells Fargo to name Scharf chairman
The decision to rejoin the CEO and chairman roles comes roughly two months after regulators removed an asset cap that had stunted the San Francisco-based company’s growth for seven years.
Banks assess security measures in wake of NYC shooting
In New York City and elsewhere, financial institutions are taking stock of their office-building security protocols following the killing of four people, including an investment bank executive, in Midtown Manhattan. Security experts say that layers of protection are essential in all office buildings.
Five FDIC officials engaged in workplace misconduct: report
The Federal Deposit Insurance Corp. withheld bonuses from former FDIC Chair Martin Gruenberg and four senior officials, whose names were redacted from the report, as part of ‘corrective action’ for allegations of misconduct.
White House lays out plan to crack down on illicit crypto
A White House working group is calling for updated crypto regulations, AI-powered fraud detection and clearer guidance for banks.
Former Flagstar CEO accused of ‘brazenly illegal’ conduct
In a new lawsuit, a former Flagstar compliance officer says Alessandro DiNello fired him for investigating his suspected misconduct. In one lurid example, the former CEO allegedly revealed sensitive company information as a junior employee sat on his lap.
How Sathish Muthukrishnan keeps Ally’s data safe from gen AI
The bank’s chief information, data and digital officer shared an update on AI initiatives across the company and how he’s been securely scaling them.