Tense vote to avoid government shutdown may come next week
Warnings, finger pointing, and political infighting have consumed talks around a continuing resolution, but the details of the upcoming funding package are expected to be ironed out over the weekend for a likely vote early next week.
Texas’ Liberty Capital and Southwestern strike deal; BNY buys Archer
Liberty Capital Bancshares in Texas agreed to acquire in-state peer Southwestern Bancorp; BNY announced it will buy managed-account software company Archer; Louisiana is supporting crypto but pushing back on CBDCs; and more in this week’s banking news roundup.
Banks most at risk of failing share these three red flags
A new academic paper dives into the key factors that have caused bank failures over the past 160 years.
Trump’s 10% rate cap plan is bad math, experts say
After Republican presidential nominee Donald Trump said he intends to place a temporary cap on credit card interest rates, many felt the plan would create a large constriction of credit.
Territorial in Hawaii rebuffs offer, doubles down on sale to LA bank
The Honolulu-based seller said it rejected a competing bid from an investor group and would stick with its plan to sell to Hope Bancorp for $78.6 million in stock.
House lawmakers pitch proposals to address pig butchering scams
A Wednesday hearing included discussion of European laws that will put banks on the hook for fraud schemes, and whether the U.S. needs a digital identity standard.
Inside the impasse erupting on the FDIC board over Basel
Consumer Financial Protection Bureau Director Rohit Chopra joins the Federal Deposit Insurance Corp.’s two Republican board members in opposing a revamped Basel III endgame proposal, leaving the future of the nascent proposal uncertain.
Press Release: FDIC Releases Results of Summary of Deposits Annual Survey
PRESS RELEASE | SEPTEMBER 20, 2024 FDIC Releases Results of Summary of Deposits Annual Survey The Federal Deposit Insurance Corporation (FDIC) today released results of its annual survey of branch office deposits for all FDIC-insured institutions as of June 30, 2024. The FDIC’s Summary of Deposits (SOD) provides deposit totals for each of the more […]
Women’s financial empowerment has come a long way, but work remains
In the U.S. and around the world, women still face many barriers to financial inclusion, and workplace practices that make it more challenging for them to build wealth. It doesn’t have to be that way.
Finding middle ground on overdraft protection fees
Credit unions worked with California lawmakers to reshape proposed changes to the fees. An upcoming rule from the Consumer Financial Protection Bureau raises uncertainty.