Associated sees greener pastures in 2025 after fourth-quarter loss
Associated Banc-Corp in Green Bay, Wisconsin, reported a $164 million fourth-quarter loss Thursday. The $43 billion-asset Associated telegraphed the likelihood of year-end red ink in December, when it announced a major balance-sheet restructuring plan involving the sale of $2 billion in mortgages and securities at a loss.
Rule blocking banks’ custody of crypto is withdrawn
Bankers applauded the news, which means that it’s possible for crypto-custody efforts at depository institutions to scale.
Trump AI order sets innovation-first tone
The new policy will “make America the world capital in artificial intelligence and to dominate and to lead the world in AI,” said David Sacks, recently appointed AI czar, as the president signed the order.
SCOTUS lifts CTA injunction, though hurdles remain
The Supreme Court nullified one of two nationwide injunctions on the Corporate Transparency Act, a law requiring corporations to disclose their beneficial owners. A separate injunction in another Circuit remains in effect, however.
Europe seen delaying bank trading rules on Trump uncertainty
Industry representatives such as the European Banking Federation are lobbying the European Commission to push back stricter capital standards rules until the beginning of 2027.
Press Release: FDIC Approves Merger Application for WesBanco Bank, Inc., Wheeling, West Virginia
PRESS RELEASE | JANUARY 24, 2025 FDIC Approves Merger Application for WesBanco Bank, Inc., Wheeling, West Virginia WASHINGTON — The Federal Deposit Insurance Corporation (FDIC) approved a Bank Merger Act (BMA) application submitted by WesBanco Bank, Inc., Wheeling, West Virginia, to acquire and merge with Premier Bank, Youngstown, Ohio. The resulting bank will operate in […]
Trump order demands access to banking for crypto firms
The executive order also calls for regulations to be written for the digital asset industry.
‘We keep an eye on Brex and Ramp’: Amex CEO on fintech rivals
Steve Squeri told analysts his firm is prepared to compete with small business technology providers like Ramp and Brex. He also weighed in on the potential payments behemoth that would result from Capital One’s purchase of Discover.
Texas asks Wall Street firms for details about DEI efforts
Texas and nine other Republican-led states are ratcheting up pressure on Wall Street’s diversity programs, asking firms about their policies on hiring and supplier selections as the Trump administration moves to gut DEI.
It’s time for a revolution in foreign exchange data processing
FX professionals have long recognized that the most commonly used spreadsheet program struggles to keep up with an evolving marketplace. It’s time to bring artificial intelligence into the mix.