Press Release: FDIC Approves Merger Application for WesBanco Bank, Inc., Wheeling, West Virginia
PRESS RELEASE | JANUARY 24, 2025 FDIC Approves Merger Application for WesBanco Bank, Inc., Wheeling, West Virginia WASHINGTON — The Federal Deposit Insurance Corporation (FDIC) approved a Bank Merger Act (BMA) application submitted by WesBanco Bank, Inc., Wheeling, West Virginia, to acquire and merge with Premier Bank, Youngstown, Ohio. The resulting bank will operate in […]
Trump order demands access to banking for crypto firms
The executive order also calls for regulations to be written for the digital asset industry.
‘We keep an eye on Brex and Ramp’: Amex CEO on fintech rivals
Steve Squeri told analysts his firm is prepared to compete with small business technology providers like Ramp and Brex. He also weighed in on the potential payments behemoth that would result from Capital One’s purchase of Discover.
Texas asks Wall Street firms for details about DEI efforts
Texas and nine other Republican-led states are ratcheting up pressure on Wall Street’s diversity programs, asking firms about their policies on hiring and supplier selections as the Trump administration moves to gut DEI.
It’s time for a revolution in foreign exchange data processing
FX professionals have long recognized that the most commonly used spreadsheet program struggles to keep up with an evolving marketplace. It’s time to bring artificial intelligence into the mix.
Why Democrats are still in charge of the CFPB and OCC
Experts say the Trump administration is waiting for Scott Bessent to be confirmed as treasury secretary and for other appointees to clear the Senate before naming acting heads at federal banking agencies.
Bank group agrees with Trump ‘diagnosis’ of debanking
Greg Baer, head of the Bank Policy Institute, echoed the president’s assertion that unchecked supervisors are urging banks to drop risky clients .
Bankers debate impact of AI, fintech on industry at Davos
Executives at JPMorgan Chase, BNY Mellon, Standard Chartered and Qatar Central Bank discussed whether AI will kill jobs and how to work with fintechs at the World Economic Forum annual meeting.
GOP floats credit union taxes, repealing FDIC orderly liquidation authority
A document circulated by the House Ways and Means Committee makes a number of suggestions for cutting federal spending, including revoking the federal tax exemption for credit unions and eliminating the Federal Deposit Insurance Corp.’s Orderly Liquidation Authority.
Trump tells Bank of America to stop blocking conservatives
President Donald Trump levied a surprise broadside against Bank of America’s Brian Moynihan at the World Economic Forum, chiding the CEO and catching him off-guard, accusing his lender of limiting business with conservative clients.