Trump 2.0 and other catalysts for bank stocks in 2025
Analysts say lenders’ shares could rally on deregulation, lighter tax burdens and a resurgence of M&A. Declining interest rates and lower loan losses could further bolster bottom lines and attract investor interest.
Gary Gensler plans to step down from SEC in January
The SEC chair’s ambitious agenda drew fierce resistance from Wall Street and the crypto industry.
Ex-CEO of failed Kansas bank banned from banking
The Federal Reserve issued an enforcement action against the former head of Heartland Tri-State Bank, who embezzled millions of dollars after falling victim to a crypto scam.
OCC’s Hsu: Banks and regulators should ‘co-learn’ about using AI
Acting Comptroller of the Currency Michael Hsu said that while artificial intelligence is a potentially transformative technology, regulators should be wary of waiving liability for its use in banking.
BNY gains Treasury’s Direct Express benefits contract
The contract gives the nation’s oldest bank access to more than $3 billion in deposits a month.
Elon, are you listening? Point DOGE at the Home Loan banks
Existing efforts to reform the Federal Home Loan Bank System may look dead on arrival in a Trump administration, but the proposed Department of Government Efficiency may not be able to resist such low-hanging fruit.
Custodia battens down hatches as it awaits Trump crypto pivot
The embattled crypto bank announced that it will reduce operations and move to preserve capital after losing its banking partner earlier this month.
‘Fundamental breakdown’: How USAA landed in regulators’ hot seat
Amid steady customer growth, USAA’s banking arm failed to make the investments necessary to satisfy either its regulators or some decades-long customers. Changes in the executive suite haven’t fixed the problems.
CFPB finalizes rule to supervise some Big Tech firms
The Consumer Financial Protection Bureau has significantly raised the transaction threshold for its larger participant rule — which defines which firms will be affected — from 5 million annual payments to 50 million.
Fed’s Bowman: Chevron reversal will ‘positively’ change rules
The Federal Reserve governor said the Supreme Court ruling could bring needed transparency and efficiency to regulatory policymaking.