Banc of California beats estimates as PacWest costs fade
After the tumult of buying PacWest Bancorp, Banc of California is not only profitable again but surpassing Wall Street’s expectations.
Texas Capital sees higher fee income in 2025 after solid Q4
The Dallas-based bank’s fourth-quarter earnings beat analysts’ forecasts. Texas Capital raised its estimate for 2025 adjusted fee income to $270 million.
NYC-area banks’ to-do lists: Deposit growth, CRE reduction
Valley National Bank and Dime Community Bancshares expect a better balance of deposit costs to help boost their net interest margins in 2025.
NYDFS penalizes PayPal $2M over 2022 data breach
The settlement detailed the missteps PayPal took in the lead-up to the attack and highlighted common risks — both on compliance and security — banks face.
How Fiserv’s new CEO shakes up succession at two firms
The technology vendor is going outside the company to hire PNC vet Michael Lyons to replace Trump Administration-bound Frank Bisignano, leaving the Pittsburgh-bank without its heir apparent for the top role.
Eagle optimistic on strategy despite credit-quality issues
The Bethesda, Maryland, company projects increases in loans and deposits as its C&I lending strategy gears up. Criticized and past-due loans appear to be declining even with a jump in nonperforming assets.
New York AG settles for $1B with merchant cash advance firm
The case against Yellowstone Capital, which state officials alleged deceived small business borrowers, has brought attention to the industry.
Trump ditched Biden’s executive order on AI. What changes?
Banks’ AI deployments will now be supervised by states and the companies themselves, experts say.
GAO: post-SVB emergency actions ‘likely’ prevented crisis
A Government Accountability Office report Thursday said emergency actions taken by federal regulators in the wake of Silicon Valley Bank’s failure were justified and appear to have stemmed further disruption, but noted those actions could contribute to moral hazard.
Senate Banking Committee approves Trump HUD nominee
Scott Turner, President Trump’s pick to head the U.S. Department of Housing and Urban Development, faced opposition from Democrats on the Senate Banking Committee, but his nomination was nonetheless approved by a vote of 13-11.