Trump Media launches financial services and fintech brand
Truth.Fi will offer ETFs, cryptocurrencies and crypto-related securities.
UMB soars while Heartland stumbles just before deal closes
In the fourth quarter, UMB Financial’s earnings outpaced Wall Street’s estimates — but the bank it’s acquiring, Heartland Financial, fell short of them.
‘Pent-up deal flow’: How Trump will impact the economy
M&A, economic growth and artificial intelligence are among the leading issues banks will encounter this year, economists said.
Trump’s crypto shadow reaches Europe
The Czech Republic’s central bank plans to shift billions of reserves to bitcoin. Plus Australia and the Netherlands crack down on BNPL, and other news from the world of payments.
Powell: law-abiding crypto customers shouldn’t lose accounts
The Federal Reserve chair said banks are well suited to handle risks related to crypto-related customers, but the threshold for engaging in such activities directly.
Banks say preventing fraud is top spending priority: Research
A survey by American Banker indicates that check fraud is the top fraud concern for banks, especially smaller ones. This is driving spending to prevent it.
Federal Reserve holds benchmark interest rate steady
The nation’s central bank held interest rates steady in its first decision of the year.
Trump eyes Biden’s green bank, EV tax credits amid freeze
The Office of Management and Budget issued a sweeping directive Monday to overhaul the federal government to align with the Trump administration’s priorities.
Plumas Bancorp strikes deal to acquire peer in California
The Reno, Nevada-based buyer said it would pay $64.6 million in cash and stock for Cornerstone Community Bancorp, and it expects to close the transaction in the second half of the year.
Global banks make little headway in addressing climate change
Banks have faced considerable criticism for continuing to profit handsomely from their partnership with Big Oil in the face of a planetary climate crisis.