Lone dissent at Sept. FOMC vote seen as ‘good sign’
Prior to this week’s Federal Open Market Committee meeting, many onlookers thought a Trump-aligned and oppositional voting bloc could emerge, complicating the central bank’s message. But the quarterly economic projections show that not to be the case.
Private credit facing ‘clear signs’ of rising stress, BofA Says
Signs of elevated stress are emerging within the $1.7 trillion private credit market as default rates are rising and more borrowers are choosing to defer cash interest payments, according to a Bank of America Corp. report.
Dallas bank scrambles amid borrower’s chaotic bankruptcy
Triumph Financial took steps to guard and move scores of cars backing its $23 million loan to Tricolor Holdings after the subprime auto lender filed for bankruptcy last week.
Comerica names Kristina Janssens chief risk officer
Comerica announced the promotion of Kristina Janssens to be its next chief risk office; Washington Trust hired James “Jim” Brown, an executive from Berkshire Bank, as its chief commercial banking officer; Citizens Financial pledged $20 million to support workforce development programs; and more in this week’s banking news roundup.
Japanese banking giant fortifies partnership with Jefferies
Between 2021 and 2025, the Japanese bank SMBC has raised its stake in the U.S. investment firm from 4.5% to 20%.
Bank of America to pay $5M in securities manipulation case
The U.S. Department of Justice declined prosecution after BofA Securities self-reported the violations and fixed major compliance gaps.
Fed’s Miran says he didn’t promise Trump a dissent on rates
Federal Reserve Governor Stephen Miran said he hasn’t spoken to President Donald Trump since the central bank’s policy meeting this week, and didn’t promise the president he would vote a particular way on interest rates.
PayPal, Google and Mastercard are all in on agentic AI
PayPal, Google and Mastercard in recent days expanded support for agentic AI commerce. Card issuers will need to respond quickly to compete, payment experts say.
Fincen to punt adviser rule, seeks stablecoin feedback
The Treasury Department proposed a rule delaying investment adviser AML requirements to 2028 and sought public comment on implementing regulations for a stablecoin bill passed earlier this summer.
Press Release: FDIC Releases Results of Summary of Deposits Annual Survey
PRESS RELEASE | SEPTEMBER 19, 2025 FDIC Releases Results of Summary of Deposits Annual Survey WASHINGTON – The Federal Deposit Insurance Corporation (FDIC) today released results of its annual survey of branch office deposits for all FDIC-insured institutions as of June 30, 2025. The FDIC’s Summary of Deposits (SOD) provides deposit totals for each of […]