Old National to acquire Bremer Financial, bulk up in Twin Cities
St. Paul, Minnesota-based Bremer Financial agreed to sell for $1.4 billion in cash and stock. It followed a years-long legal battle between the bank and its largest shareholder that ended with a settlement this year.
Cyberattacks tend to increase during holidays, experts warn
While companies tend to amp up warnings to consumers about fraud and scams during the holidays, institutions may also need to bulk up their defenses.
20 community banks with the highest returns on average assets
The top five community banks averaged a return on average assets of 6.27% as of June 30.
Bessent to be Treasury nominee, Trump taps Turner for HUD
Hedge fund manager Scott Bessent had been the betting favorite to take the reins at Treasury. Scott Turner, a former congressman and NFL player, will lead the housing agency.
Trump picks NFL veteran Scott Turner to lead HUD
Turner served as executive director of the White House Opportunity and Revitalization Council previously.
Fed’s Bowman: Regulators ‘must have an openness’ to AI
While the risks, benefits and magnitude of artificial intelligence’s impact on financial services remain unclear, agencies should keep an open mind toward the technology and avoid reflexive risk aversion in bank supervision, Federal Reserve Gov. Michelle Bowman said.
Fed: Elevated asset valuations could threaten financial stability
In its latest financial stability report, the Federal Reserve warned high equity valuations and low levels of liquidity could leave the financial system vulnerable to shocks.
Ally Financial weighs sale of credit card business
A sale would mark a swift retreat from the intensely competitive credit card business, where Ally competes with giant players such as Capital One.
JPMorgan Chase, Mastercard sell crypto-style B2B payment tech
The bank and payment company are using the technology that underpins digital assets to improve interoperability for international transactions, a major point of friction in trade finance.
A small-dollar business lending scheme finds a niche at Huntington
The Columbus, Ohio-based regional launched Lift Local Business in October 2020 with a $25 million ceiling. Four years and $133 million later, the program is still going strong.