Patriot National gets serious about private banking
The Connecticut-based community bank announced a raft of new board and executive appointments, giving shape to a new strategy aimed at winning more business from high-net-worth individuals.
No, a ‘shot clock’ won’t improve the bank merger approval process
Setting an artificial deadline for approving bank mergers will result in hasty, ill-considered decisions. The potential damage to consumers and communities far outweighs the possible benefits.
Capital One agrees to pay $425 million to savers who sued
The tentative settlement represents a step toward resolving an issue that hung over Capital One’s acquisition of Discover. That blockbuster deal closed on Sunday.
Trump-backed mega bill clears House budget panel
The spending and tax package, which includes bank-friendly provisions, tax perks and GOP priorities, cleared a procedural hurdle after fiscal conservatives withdrew their objections over the weekend.
First Internet Bank creates business ACH payments dashboard
The online-only bank and its payments partner are making fresh progress in the often stodgy and slow-moving (but steady) area of automated clearinghouse
JPMorgan sees investment-banking fees falling by mid-teens
Troy Rohrbaugh, co-CEO at JPMorgan’s commercial and investment bank, says volatility set off by President Donald Trump’s policy announcements continues to chill deals.
Fed exploring home loan bank collateral interoperability
Federal Reserve Vice Chair Philip Jefferson said the central bank is in the “early stages” of enabling banks to pledge assets to both the Federal Home Loan Bank and discount window liquidity facilities.
Asset-based bank regulatory classifications are badly outdated
U.S. banks are sorted into different regulatory regimes based on asset-size thresholds established in another era. Those classifications need to be recalibrated and indexed to inflation.
Fed’s Bostic flags inflation concerns, sees 1 cut this year
“I worry a lot about the inflation side, and mainly because we’re seeing expectations move in a troublesome way,” Federal Reserve Bank of Atlanta President Raphael Bostic said.
Your roadmap to becoming a commercial banker
Breaking into a new industry can be daunting, especially in a field as complex as banking. Here’s how experts recommend getting started.