Why do US banks persist in breaching AML regulations?
An uptick in fines associated with anti-money-laundering failures demonstrates that U.S. banks still have much work to do in terms of optimizing their internal systems to identify and stop the flow of dirty money.
From dollar to stocks, Trump trade erupts across markets
Donald Trump quickly put his stamp on financial markets as his march toward victory in the US presidential election propelled “Trump Trade” plays across assets.
Presidential race remains tight leading into Wednesday morning
Former President Donald Trump showed strength in most of the battleground states, but most of the critical swing states remained too close to call as of early Wednesday morning.
Pro-crypto House member wins Senate seat in California
Adam Schiff, known as a pro-cryptocurrency lawmaker, has also introduced bills that would regulate “revolving door” employment at banking regulators.
Another banking progressive could replace Katie Porter in House
California’s 47th Congressional district, which is being vacated by Rep. Katie Porter, D-Calif., after her unsuccessful bid for California’s senate seat, is being sought by law professor and Democrat David Min, who has been an outspoken progressive on banking issues. Running against him is Republican Scott Baugh, who ran unsuccessfully against Porter in 2022.
How sports became central to this Florida bank’s identity
Amerant in Coral Gables has relied on partnerships with South Florida athletic franchises to build brand awareness and help ease its expansion in Tampa.
Campaign promises complicate outlook on Fed policy
The impact of both presidential candidates’ fiscal promises around taxation and spending could have dramatic effects on the Federal Reserve’s outlook for monetary policy, which has become more aggressive toward rooting out inflation.
Bank stocks rise as investors await election results
Investors brushed off a potentially prolonged week of U.S. election results and instead focused on fresh economic data.
Why payment firms are betting on embedded finance
In a tough market for fintechs, Brex, Green Dot, Marqeta, and others are looking for ways to connect their clients to services outside of banking, a strategy that comes with regulatory risk.
Press Release: FDIC to Unveil Online Tool to Promote Creation of New Minority Banks at the Minority Depository Institutions Subcommittee Meeting
PRESS RELEASE | NOVEMBER 5, 2024 FDIC to Unveil Online Tool to Promote Creation of New Minority Banks at the Minority Depository Institutions Subcommittee Meeting WASHINGTON – The Federal Deposit Insurance Corporation (FDIC) will introduce a new online tool to help financial institutions, investors, and other interested groups to identify neighborhoods that could benefit from […]