BMO braces for impact of Trump tariffs on Canadian imports
The third-largest Canadian bank by assets is trying to prepare itself and its clients for the Trump administration’s plan to impose 25% tariffs on Canada and Mexico. It warned Tuesday that its operating performance this year will be impacted.
Code, not checks, is the future of finance: BofA’s Moynihan
Brian Moynihan, chairman and CEO of Bank of America, said the future of banking lies in tech.
How quantum computers work, and how banks can use them
Big banks are investing in quantum computing. What does that mean for the future of finance? And, more importantly, will they ever become useful?
Bank of America’s Moynihan downplays Trump’s Davos jab
Brian Moynihan argued Tuesday that the president’s allegations of politically motivated debanking stem from the problem of overregulation.
Press Release: FDIC-Insured Institutions Reported Return on Assets of 1.11 Percent and Net Income of $66.8 Billion in the Fourth Quarter
PRESS RELEASE | FEBRUARY 25, 2025 FDIC-Insured Institutions Reported Return on Assets of 1.11 Percent and Net Income of $66.8 Billion in the Fourth Quarter Full-Year ROA and Net Income Improved From 2023 Quarterly ROA and Net Income Increased From the Prior Quarter, Driven By Higher Net Interest Income Community Bank Net Income Decreased Quarter […]
First Busey parts ways with CFO on eve of major M&A deal
The Champaign, Illinois-based bank said Jeffrey Jones stepped down from his post days before it could close its acquisition of CrossFirst Bankshares. Jones’ exit was not deal related, Busey said.
Could AI take the place of your bank examiner?
Much of the conversation about artificial intelligence in banking focuses on compliance. But we should seriously consider the potential AI-powered regulation could have to deliver more adaptive and responsive oversight.
The case of the stop-and-start, never-ending foreclosure
Donna Ferrato stopped paying her mortgage more than 15 years ago, yet she’s still living in her Manhattan condo. Her case is part of a broader power struggle between mortgage lenders and homeowners in New York state.
CFPB dismisses lawsuit against lending platform SoLo Funds
The Consumer Financial Protection Bureau and SoLo Funds, a small loan fintech, mutually dismissed a case regarding loan cost disclosures and state licensing.
Bank groups ask crypto czar David Sacks to revise rules
The ABA, BPI and SIFMA are among the groups asking Sacks to make it easier for banks to engage in crypto-related activity.