The biggest data breaches of 2024 in financial services
Data breaches in 2024 exposed billions of records, impacting financial firms, banks and consumers alike.
Credit unions bought a record-breaking 20 banks in 2024
The unprecedented number of deals came in a year when banks struggled to find merger partners in their markets.
Joint Press Release: Federal Bank Regulatory Agencies Release 2023 Small Business, Small Farm, and Community Development Lending Data
JOINT PRESS RELEASE | DECEMBER 16, 2024 Federal Deposit Insurance CorporationFederal Reserve BoardOffice of the Comptroller of the Currency Federal Bank Regulatory Agencies Release 2023 Small Business, Small Farm, and Community Development Lending Data The federal bank regulatory agencies, as members of the Federal Financial Institutions Examination Council (FFIEC), today released data on small business, […]
‘Something great with crypto:’ Trump affirms bitcoin reserve
The president-elect confirmed that he will pursue a strategic reserve of the flagship cryptocurrency as part of a broader push for the U.S. to champion the digital asset industry.
Boston banks Berkshire, Brookline to merge in $1.1 billion deal
The combination would create a Northeast regional bank with nearly $24 billion of assets. It would rank as the eighth-largest bank in the Boston metropolitan area by deposit market share.
The banking industry should take the lead on modernizing regulation
If the Trump administration is really planning to trim back regulations on banking and financial services firms, the industry needs to get out in front of the process by identifying necessary reforms.
Stablecoin payment plays accelerate as 2024 closes
Ripple, MoneyGram and FV Bank all bolstered their ability to distribute digital assets, with cross-border transactions emerging as a primary use case.
Where the Fed’s Michael Barr goes from here
Known as a pragmatic moderate before arriving at the Fed, Vice Chair for Supervision Michael Barr is now synonymous with an aggressive and divisive approach to bank regulation. Can he still accomplish his goals under President Trump?
Flushing Financial’s $70 million capital raise prompts sell-off in shares
The Long Island bank is the latest financial institution to use new equity to restructure its balance sheet and unload low-yielding assets. Its stock price tumbled after the shares were priced at a considerable discount.
BNPL lender Affirm inks fresh forward-flow deal with Sixth Street
Affirm partners with Sixth Street to sell its buy now/pay later loans to the investment firm; Associated Banc-Corp promotes Steven Zandpour to deputy head of consumer and business banking; Visa Direct speeds up its money transfers; and more in this week’s banking news roundup.