FDIC exits Network for Greening Financial System
The Federal Deposit Insurance Corp. Tuesday officially withdrew from an international regulatory body devoted to combatting climate-driven financial risks, following similar actions by other U.S. bank regulators.
Acquisitive Old National eyes growth in Midwest, Southeast
The Indiana-based company grew fourth-quarter loans and profits in part because of an acquisition in Nashville, and it expects to bulk up further with a deal in Minnesota’s Twin Cities that was among the largest announced in 2024.
Goldman picks leaders to run Wall Street engines in revamp
The male-heavy promotions cap more than a year of deliberation inside Goldman over how to designate the firm’s next generation of leaders, giving the roster more influence in shaping the development of operations.
Press Release: FDIC Withdraws from the Network of Central Banks and Supervisors for Greening the Financial System
PRESS RELEASE | JANUARY 21, 2025 FDIC Withdraws from the Network of Central Banks and Supervisors for Greening the Financial System WASHINGTON – Effective today, the Federal Deposit Insurance Corporation (FDIC) has withdrawn from the Network of Central Banks and Supervisors for Greening the Financial System (NGFS). The work of NGFS is not within the […]
FDIC Acting Chair Hill lays out new regulatory priorities
The Federal Deposit Insurance Corp.’s newly installed Acting Chairman Travis Hill Tuesday issued a statement laying out his priorities for the agency, including reviewing and repealing Biden-era bank regulations, a softer approach to fintech and crypto and addressing so-called “debanking.”
Schwab Rises After Earnings Top Estimates on Record Inflows
Full-year revenue growth was 4%, surpassing the 3% to 3.5% guidance the firm gave in December. Schwab expects revenue to increase by 13% to 15% this year.
Maintaining safe and secure digital payments requires all hands on deck
Industry players, regulators and law enforcement will need to work together in 2025 to ensure that as Americans increasingly rely on digital payments, the fraudsters trying to take advantage of them are kept at bay.
Where Citi Ventures is placing its fintech bets in 2025
Arvind Purushotham, head of Citi Ventures, shares where he and his team see opportunities and how they vet tech startups.
Fifth Third sees stable quarter, pays charge in years-long litigation
The Midwest bank saw fees boost revenues, though most of its metrics told a story of stability in its fourth-quarter earnings report.
Key swings to quarterly loss on securities repositioning
The Cleveland parent company of KeyBank reported a net loss of $279 million for the fourth quarter, reflecting a one-time charge of $657 million from the sale of bonds.