Bank M&A deal sizes poised to surge in 2025
Advisors predicted that more banks will do deals and those transactions will be larger in 2025 amid expectations for lighter regulatory scrutiny.
Supreme Court to determine what constitutes ‘truth’ in banking
The Supreme Court heard oral arguments in Thompson v United States, which could decide whether the federal government can prosecute “misleading” in addition to “false” statements to the Federal Deposit Insurance Corp.
2025 banking forecasts: Taming the CFPB and Trump’s return
Lawsuits challenging the Consumer Financial Protection Bureau’s final rule on medical debt are the latest issues facing banks ahead of Donald Trump’s return.
The FHFA could save borrowers billions with automated PMI cancellation
Making the cancellation of private mortgage insurance policies automatic when a home’s loan-to-value ratio is lower than 80% would be a huge benefit for borrowers.
Goldman Sachs doubles profits as investment bank fees rise
Goldman Sachs reported strong growth in the fourth quarter, with investment banking fees up 33%.
Wells Fargo’s profits jump 47% amid dealmaking rebound
The megabank saw $5.1 billion in profits in its fourth quarter, as higher fees from investment banking and wealth management offset weaker interest income on loans.
JPMorgan Chase earnings lap analyst expectations
The $4 trillion-asset bank saw its investment banking business surge, while other products held steady.
JPMorgan returns to the office. Will other banks follow?
It’s not just JPMorgan Chase. Across the industry, banks are rethinking their remote-work policies — but experts say it won’t be easy to turn back the clock.
FDIC’s Gruenberg warns of risks associated with ‘innovation’
In what is likely his final speech before resigning as chair of the Federal Deposit Insurance Corp., Martin Gruenberg warned that novel products and services heralded as “innovation” often lead to financial crises without appropriate attention to market and supervisory fundamentals.
OCC fines three former Wells Fargo executives a combined $18.5 million
The Office of the Comptroller of the Currency issued fines amounting to $18.5 million to three former Wells Fargo executives in response to unsafe sales practices from 2013 to 2016.