Persistence pays off for an Indiana community bank
First Savings Financial Group could have bailed out of SBA lending after the departures of key executives and loan officers. Instead it retooled the unit, and it’s now reaping the benefits.
How FirstBank cures burnout within its security teams
Safely disposing of cocaine, sending dogs chasing laser pointers, and other unorthodox lessons in maintaining levity in a high-stress job.
Citizens names Coughlin president; CFO to join State Street
Citizens Financial Group’s promotion of Brendan Coughlin to company president comes at the same time as CFO John Woods prepares to leave for State Street. Both executives have been viewed as potential successors to CEO Bruce Van Saun.
Mastercard embraces agentic AI; ups cross-border investment
The card network took a 3% stake in Corpay to improve international payment processing for corporate clients, while also pushing technology that aims to drastically reduce the need for human supervision of artificial intelligence.
What do the FDIC layoffs and CFPB limbo mean for bankers?
President Donald Trump’s shrinking of the Federal Deposit Insurance Corp. and the Consumer Financial Protection Bureau add to bankers’ uncertainty into May.
Challenges fintechs face when they become banks
Fintechs that want to acquire bank charters face multiple obstacles, from increased regulatory scrutiny to stiff competition from established banks.
Inflation nears Fed target, but tariffs still loom large
The Federal Reserve’s preferred inflation reading fell in March, but the positive reading came before new trade policies hit the economy.
Fannie Mae earnings fall as Pulte pledges turnaround
A $24 billion single-family provision for credit losses linked to economic uncertainty and changes in actual and forecast home prices weighed down results.
What Trump has changed in mortgage in his first 100 days
The administration’s major moves include weakening the Consumer Financial Protection Bureau and rolling back numerous Biden-era regulations.
The 20 banks increasing their assets the most
The top five banks saw an average rise in their assets of almost 31% between 2023 and 2024.