Bessent to meet Senators as he preps for Treasury Secretary vote
Republicans seek to pass sweeping legislation that renews Trump’s 2017 tax overhaul and eliminates taxes on tips, overtime pay and Social Security benefits.
Inflation proves sticky, clouding Fed policy outlook
Annualized inflation increased to 2.7% in November from 2.6% the previous month, providing further evidence that the economy remains strong despite restrictive monetary policy.
International banks stumble in Q4 earnings amid credit hurdles
Institutions like BMO Financial Group and Bank of Nova Scotia saw earnings bogged down by increased loan loss provisions and higher tax rates.
Trump could bypass Democratic picks for FDIC Board
President-elect Donald Trump may opt to bypass Democratic suggestions for minority party seats on the Federal Deposit Insurance Corp.’s board of directors, setting up potential conflicts with Senate leadership over regulatory appointments.
What big-bank CEOs are expecting — good and bad — from Trump 2.0
The top executives at some of the nation’s largest banks spoke Tuesday about their expectations for the second Trump administration. Deregulation, capital rules, tariffs and inflation were all prominent topics.
Sunshine Meeting Notice: FDIC Board of Directors Meeting
SUNSHINE ACT NOTICE The FDIC Board of Directors will meet in open session: Time and Date: 10:00 a.m. on Tuesday, December 17, 2024. Place: This Board meeting will be open to public observation only by webcast. FDIC Board Members and staff will participate from FDIC Headquarters, 550 17th Street, NW, Washington, DC. Read the Notice & Agenda The […]
Synapse saga: Evolve Bank answers Yotta lawsuit
The bank suggests it’s a scapegoat for Synapse’s wrongdoing in a case of banking-as-a-service gone awry.
You can’t stop debanking without changing banking
Allegations of regulators pressuring banks to drop clients and customers because of political views or ties to legal-but-disfavored industries have sparked outrage among conservatives. But requiring banks to serve absolutely everyone would change the nature of banking in ways that aren’t conservative.
25 people who will change banking in 2025
From Donald Trump to Gunjan Kedia, Jerome Powell to Jamie Dimon, here are the people who will impact the industry this year (including Taylor Swift).
Inflation in focus as bank investors ponder Fed’s next move
A slower rate of price increases would boost the likelihood of an interest-rate cut that could expand loan demand and lower banks’ deposit costs. A higher pace of inflation, however, could derail those catalysts.