Federal Reserve releases 2025 stress test scenarios
With the Federal Reserve eyeing changes to its annual examination of large bank resilience, this year’s test could be the last of its kind.
JPMorgan Chase to triple its branch footprint in Alabama
The $4 trillion-asset company is looking to grow its deposit franchise by building a presence in new markets. The 24-branch addition in Alabama is its latest part of that push.
Hagerty staffer tapped for Treasury financial regulatory post
Luke Pettit could have an expanded role compared to previous assistant secretaries for financial institutions as President Donald Trump eyes Treasury lead for deregulatory agenda.
Riding a growth wave, a Florida bank lays out succession plan
Founder Ken LaRoe says his decision to step back from daily management chores will help the Orlando, Florida-based Climate First Bancorp maintain its independence.
Fed’s Bowman wants ‘open-minded’ approach to innovation
The Federal Reserve governor said regulators have stifled the banking system’s ability to experiment with emerging technologies.
Make it easier to start new banks, lawmakers urge
Congressional representatives push to ease regulatory hurdles for de novo banks, citing barriers to entry for small lenders.
Democrats seek answers about DOGE access to Treasury data
Elizabeth Warren, Sherrod Brown and Patty Murray are among those questioning Elon Musk’s team’s ability to access sensitive data and install email services in government agencies.
FDIC releases bank supervisory communications on crypto
Federal Deposit Insurance Corp. Acting Chair Travis Hill released a trove of internal supervisory correspondence from the agency to banks regarding proposed cryptocurrency business lines or relationships, initiatives Hill said were “universally met with resistance” by the agency.
Trump 2.0 brings back remittance threats
Secretary of State Marco Rubio said the U.S. will ban certain Cuban payments, mirroring Trump’s pressure on cross-border payments during his first administration.
Worldpay acquires fraud detection tech firm Ravelin
Cincinnati-based processor has agreed to buy a London technology firm that uses artificial intelligence to build advanced models to manage fraud risk.