Hawaiian Electric sells bank in wake of wildfire devastation
The Honolulu-based utility sold a 90.1% stake in American Savings Bank. The deal valued the lender at $450 million.
Banks must focus on ESG issues to win the money-laundering fight
Vulnerabilities related to environmental, social and governance issues have become a serious threat vector when it comes to money laundering. Banks must recognize the danger and adapt their systems accordingly.
Bank struggles, Trump’s crypto plans and more news for investors to watch
Banks are taking hits in the stock market as they use 2024 to restructure balance sheets and inflation slightly increased in November.
The most quotable bank CEOs of 2024
Jamie Dimon and Brian Moynihan are among the eight chief executives whose blunt, pithy or pugnacious turns of phrase made the year more colorful.
The SEC’s new leadership must stop Gensler’s stifling of innovation
With Securities and Exchange Commission Chair Gary Gensler preparing to step down, the CEO of Unicoin, which is being sued by the agency, expresses hope for more acceptance of cryptocurrencies by the incoming Trump administration.
Payments fintech investors bet on a turnaround in 2025
Fast-growing innovation is sparking bullish sentiment following a boom-and-bust cycle of the past four years.
Banks refocus on succession planning and strategy in 2024
A number of banks mixed up their executive teams in the past year, as they shifted strategy, handled regulatory problems or planned for retirement.
Deals and regulatory scrutiny: Community banking in 2024
Community banking highlights in 2024 included strong deposit growth at a Los Angeles-based digital-only bank, continued regulatory scrutiny of banking-as-a-service arrangements, along with a transformational deal in the Old Dominion.
Georgia CU-bank deal unravels; another pops up in Michigan
A record 22 credit unions announced plans to acquire banks in 2024, though the year ended on a discordant note as regulatory concerns appear to have derailed a planned CU-bank deal in Georgia.
Top banks close branches, with one exception
JPMorgan Chase opened a net 38 sites in the 12 months ended Sept. 30, bucking the branch-closing trend.