The Most Powerful Women in Banking’s Life Time Achievement Award: Julie Monaco
Public sector banking doesn’t have a line on Citi’s income statement. But Monaco’s global influence is threaded throughout the bank’s work with government finance ministries, central banks and other sovereign entities.
The Most Powerful Women in Banking, No. 25, Kim Posnett, Goldman Sachs
Posnett gets paid to worry about the volatility of the macro environment. Her answer: Q2 investment banking fees are 26% higher than the same period in 2024.
Court’s delay in Cook case hints at unique thinking for Fed
Legal experts say the Supreme Court’s decision not to immediately rule on a request to remove Federal Reserve Gov. Lisa Cook from office suggests that, whatever the court’s views on independent agencies may be, it views the central bank differently.
OCC to dramatically reduce community bank regulation
The Office of the Comptroller of the Currency Monday said it will scrap fair housing reporting requirements, fast-track licensing for small banks and simplify regulation for smaller institutions overall.
Penny shortage causes ‘chaos’ for banks and retailers
Supplies of the one-cent coin have fallen faster than expected, causing headaches for cash businesses and the lenders that provide them with change.
Citi’s Banamex gets competing bid from Mexican mining tycoon
Citigroup’s Banamex received an offer that would put full control of the Mexican franchise in the hands of Grupo Mexico.
Former Fiserv chief Bisignano named ‘CEO’ of IRS
Frank Bisignano, the former chairman and CEO of Fiserv, will become the “CEO” of the IRS, a newly created role, in addition to his post running the Social Security Administration.
Gould says debanking crackdown will target big banks
Comptroller of the Currency Jonathan Gould says he wants to crack down on big banks caught cutting ties with controversial, if lawful, individuals and businesses, as required by President Trump’s debanking initiative.
US Bank tops mobile banking surveys for second year in a row
The superregional bank ranked at the top of surveys from Javelin Strategy and Keynova Group on mobile banking features for the second consecutive year.
Why Checkout.com is seeking a Georgia state bank charter
The London-based firm is seeking a license that would provide a direct connection between merchants and card networks, reducing reliance on third parties and brandishing the London company’s image as a player in America.