Home Loan Banks gain flexibility under FHFA liquidity rule
The finalized rule adds flexibility to the capital rules applied to the Federal Home Loan Banks to help them extend credit to their members.
UPDATE: Speech: FDIC Chairman Martin J. Gruenberg at the Brookings Institution: Three Financial Crises and Lessons for the Future
SPEECH | JANUARY 14, 2025 (Updated to Correct Date) FDIC Chairman Martin J. Gruenberg at the Brookings Institution: Three Financial Crises and Lessons for the Future I would like to thank the Brookings Institution, and my friend Aaron Klein, for giving me the opportunity to speak to you today. For better or worse, over the […]
JPMorgan’s first female COO doesn’t want Dimon’s job
The largest U.S. bank by assets has elevated Jennifer Piepszak to chief operating officer, in preparation for Daniel Pinto’s retirement in 2026. But Piepszak is not interested in being CEO, the company said.
6 things banks look for in gen AI models and companies
At banks like Citi and SouthState, generative AI models are put through additional rounds of testing before they make it into the pilot stage.
More loan sales, M&A on the table as banks address CRE challenges
Banks seeking to offload CRE assets are finding a receptive marketplace while regulators have managed to keep the situation in balance, observers say.
Speech: FDIC Chairman Martin J. Gruenberg at the Brookings Institution: Three Financial Crises and Lessons for the Future
SPEECH | JANUARY 15, 2025 Speech: FDIC Chairman Martin J. Gruenberg at the Brookings Institution: Three Financial Crises and Lessons for the Future I would like to thank the Brookings Institution, and my friend Aaron Klein, for giving me the opportunity to speak to you today. For better or worse, over the course of my […]
Joint Press Release: Federal and State Financial Regulatory Agencies Issue Interagency Statement on Supervisory Practices Regarding Financial Institutions Affected by the California Wildfires and Straight-line Winds
JOINT PRESS RELEASE | JANUARY 14, 2025 California Department of Financial Protection and InnovationFederal Deposit Insurance CorporationFederal Reserve BoardNational Credit Union AdministrationOffice of the Comptroller of the Currency Federal and State Financial Regulatory Agencies Issue Interagency Statement on Supervisory Practices Regarding Financial Institutions Affected by the California Wildfires and Straight-line Winds The California Department of […]
Former Finastra executive joins Unit4 as new CEO
Simon Paris, outgoing CEO of Finastra, is moving to Unit4 in February.
Fraud epidemic pressures banks to reconsider static card security
Digital transaction risk draws attention to dynamic CVVs for cards.
CFPB sues Capital One over high-yield savings accounts
The bank didn’t give some existing customers the higher rates it was offering new customers, the agency alleged. The bank said it would fight the suit, which comes just days before the Trump administration takes over the regulator.