Morgan Stanley attracts assets even with AML scrutiny
The investment banking giant has been the subject of regulatory probes regarding the way it vets prospective clients. So far, that’s not driving away potential clients, executives say.
What U.S. Bank’s innovation execs saw at CES 2025
Chief Innovation Officer Don Relyea and Head of Applied Foresights Todder Moning described what interested them at this year’s Consumer Electronics Show, and which technologies are getting close enough to become bank-ready.
Trump nominates Bill Pulte to head FHFA
The nominee to lead Federal Housing Finance is head of Pulte Capital Partners, which invests in homebuilding related businesses.
Bank stocks rise after strong earnings, easing core inflation
A midweek rally followed robust bottom line results from JPMorgan Chase, Wells Fargo, Bank of America and several other large banks. But further interest rate cuts may be needed to sustain momentum.
JPMorgan’s brawl with Greek tycoon races toward a climax
The bank, which owns a minority stake in Viva Wallet, can take over the company in June if its valuation falls before a certain level — which has resulted in a legal dispute with Haris Karonis, the fintech’s owner. That and more in American Banker’s weekly global payments roundup.
Fed’s Waller eyes rate cut before July
With the Federal Reserve touting a slower pace of easing, markets are expecting a longer pause. But Gov. Christopher Waller said the next interest rate reduction could come as soon as March because of inflation data.
M&T seeks Northeast growth, optimistic on Trump-era mergers
The bank is “very optimistic” that Trump will appoint financial regulators who are “more balanced” than current agency heads, CFO Daryl Bible said.
Supreme Court mulls future of the Corporate Transparency Act
The Biden administration is asking the Supreme Court to overturn a lower court injunction against the Corporate Transparency Act, which requires businesses to disclose their beneficial owners. The outcome has significant implications for banks’ AML compliance burdens.
PNC reports profit jump, sees growth opportunities in 2025
The Pittsburgh-based company’s fourth-quarter earnings increased more than 80% from the same period in 2023, beating analysts expectations and leaving CEO Bill Demchak excited about prospects for 2025.
National banks must continue exercising caution with cryptocurrencies
It’s no accident that national banks have, so far, been insulated from major crypto disasters. Congress and the incoming administration should take heed and avoid eliminating the guardrails that have kept banks safe.