Warren Buffett reaffirms his preference for stocks over cash
The legendary investor expressed his inclination for equities even after selling large chunks of Berkshire Hathaway’s investments in three major banks. “That preference won’t change,” Buffett wrote in his annual letter to shareholders.
Miami’s getting a new bank; Citi adds an accounting chief
FNB Corp marked the grand opening of its new downtown Pittsburgh headquarters this week. The bank owns and occupies the majority of the 26-story tower in the city’s Hill District, a new addition to the city’s skyline and one of the few new towers built in the city’s business district in recent years. And long-time […]
OCC fires 76 as part of Trump’s government workforce reduction
The Office of the Comptroller of the Currency is the latest federal banking agency to let go of probationary employees.
Nearly $1.5 billion in tokens lost in Bybit crypto exchange hack
The heist is among the largest ever experienced by the crypto industry and highlights concerns many have over the need for better regulation.
Pro-Russia hackers target Italian banks in apparent DDoS attack
The hacker group NoName057 claimed responsibility for DDoS attacks on major Italian banks, citing President Mattarella’s remarks on Russia’s invasion of Ukraine.
Cathie Wood is OK with the ‘wall of worry’ around Bitcoin
The Ark Invest founder said at a Cboe event the fluctuation in the crypto market is “extremely healthy.”
House GOP asks FDIC to ditch reputational risk from exams
Senior Republican House Financial Services Committee lawmakers in a letter to the Federal Deposit Insurance Corp. gave a series of recommendations that they said would combat so-called “debanking.”
Fed vice chair says approach automated analysis with caution
Federal Reserve Vice Chair Philip Jefferson said clearer Fed communication and better text analysis has made monetary policy transmission more efficient, but noted that the central bank must remain diligent in how it communicates forward monetary policy guidance.
Dime Community taps Geisel to extend commercial banking push
The New York-based institution tapped the former Republic First CEO to help oversee its transformation from a predominantly multifamily lender into business bank.
Block’s ‘neighborhood network’ draws mixed reviews
The payments company, which is unifying parts of its operation to deepen its reach with consumers and businesses, saw its stock fall more than 10% after reporting mixed earnings, though analysts are more bullish on the company’s future.