20 largest bank M&A deals by target asset volume in 2024
The top five bank M&A deals had an average deal value to tangible common equity ratio of nearly 185%.
Trump touts economic policy despite market turmoil
President Donald Trump said he inherited an “economic catastrophe” from his predecessor in a joint address to Congress, though markets fell Tuesday on fears of a budding trade war with Canada and Mexico.
Former Personetics CEO launches new agentic AI fintech
Sympera AI, an agentic AI fintech founded by Personetics founder David Sosna, seeks to offer AI tools to banks looking to scale their relationship banking.
Dallas Fed: Bank stress declining but still elevated
The banking sector has stabilized significantly since the spring of 2023, but elevated interest rates have created lingering issues on bank balance sheets.
Former credit union worker sentenced in fake money scheme
Edward Arthur Nurse was in charge of the vault at Park Side Credit Union. Then $389,000 went missing, replaced by piles of fake cash.
Goldman moves up annual job cuts, targets 3% to 5% of staff
Goldman Sachs Group is planning to start its annual round of reductions earlier in the year after previous cuts took place in the latter half.
A scandal-scarred Rhode Island bank moves to liquidate
Independence Bank can cease operations once it satisfies the conditions in an FDIC consent order. Liquidation would close out a five-year drama that began when regulators cited the bank for SBA lending irregularities.
CFPB dismisses lawsuit against Zelle and three big banks
The Biden-era suit against Zelle’s parent company and its largest bank parent owners sought to require banks to reimburse consumers for “induced fraud,” when a consumer is tricked into sending money to someone under false pretenses.
Neobank Dave outperforms expectations in Q4 earnings
Increases in memberships, loan originations led to improved performance.
Press Release: FDIC Issues List of Banks Examined for CRA Compliance
PRESS RELEASE | MARCH 4, 2025 FDIC Issues List of Banks Examined for CRA Compliance WASHINGTON – The Federal Deposit Insurance Corporation (FDIC) today issued its list of state nonmember banks recently evaluated for compliance with the Community Reinvestment Act (CRA). The list covers evaluation ratings that the FDIC assigned to institutions in December 2024. […]