Press Release: FDIC Withdraws from the Network of Central Banks and Supervisors for Greening the Financial System
PRESS RELEASE | JANUARY 21, 2025 FDIC Withdraws from the Network of Central Banks and Supervisors for Greening the Financial System WASHINGTON – Effective today, the Federal Deposit Insurance Corporation (FDIC) has withdrawn from the Network of Central Banks and Supervisors for Greening the Financial System (NGFS). The work of NGFS is not within the […]
FDIC Acting Chair Hill lays out new regulatory priorities
The Federal Deposit Insurance Corp.’s newly installed Acting Chairman Travis Hill Tuesday issued a statement laying out his priorities for the agency, including reviewing and repealing Biden-era bank regulations, a softer approach to fintech and crypto and addressing so-called “debanking.”
Schwab Rises After Earnings Top Estimates on Record Inflows
Full-year revenue growth was 4%, surpassing the 3% to 3.5% guidance the firm gave in December. Schwab expects revenue to increase by 13% to 15% this year.
Maintaining safe and secure digital payments requires all hands on deck
Industry players, regulators and law enforcement will need to work together in 2025 to ensure that as Americans increasingly rely on digital payments, the fraudsters trying to take advantage of them are kept at bay.
Where Citi Ventures is placing its fintech bets in 2025
Arvind Purushotham, head of Citi Ventures, shares where he and his team see opportunities and how they vet tech startups.
Fifth Third sees stable quarter, pays charge in years-long litigation
The Midwest bank saw fees boost revenues, though most of its metrics told a story of stability in its fourth-quarter earnings report.
Key swings to quarterly loss on securities repositioning
The Cleveland parent company of KeyBank reported a net loss of $279 million for the fourth quarter, reflecting a one-time charge of $657 million from the sale of bonds.
Press Release: Statement from Acting Chairman Travis Hill
PRESS RELEASE | JANUARY 21, 2025 Statement from Acting Chairman Travis Hill WASHINGTON – On January 20, 2025, Travis Hill became Acting Chairman of the Federal Deposit Insurance Corporation (FDIC). Acting Chairman Hill issued the following statement: “It is my honor and privilege to serve as Acting Chairman of the FDIC. While the FDIC faces […]
GSE privatization could help pay for tax cuts, but not easily
Ending the 17-year-old federal conservatorship of Fannie Mae and Freddie Mac could help offset the cost of renewing President Trump’s 2017 tax legislation, which expires this year. But getting to that point is difficult, especially with a budget battle just months away.
Acting leaders take the reins of agencies as Trump sworn in
Federal Deposit Insurance Corp. Vice Chair Travis Hill has assumed the duties of FDIC chair, National Credit Union Administration Vice Chair Kyle Hauptman took over as NCUA chair and Securities and Exchange Commission member Mark Uyeda will serve as acting chair of the SEC.