Senate report: Three big banks ignored red flags on Epstein
JPMorganChase, Bank of America and Deutsche Bank likely violated federal anti-money-laundering laws in connection with the finances of notorious sex offender Jeffrey Epstein, according to a report by Democratic Sen. Ron Wyden.
Press Release: FDIC Launches New Office of Supervisory Appeals
PRESS RELEASE | AUGUST 4, 2026 FDIC Launches New Office of Supervisory Appeals WASHINGTON — The Federal Deposit Insurance Corporation (FDIC) today announced the launch of a new Office of Supervisory Appeals (OSA) panel comprised of independent officials who will consider and resolve appeals of material supervisory determinations brought before the agency. The OSA is […]
Feds lose bid to terminate Lakeland Bank’s Biden-era redlining deal
Opponents argued that Provident Bank, which bought Lakeland in 2024, had yet to disburse millions of dollars remaining on a mortgage subsidy fund.
Press Release: FDIC Approves the Deposit Insurance Application for Augustus National Bank, N.A., Dallas, Texas
PRESS RELEASE | AUGUST 4, 2026 FDIC Approves the Deposit Insurance Application for Augustus National Bank, N.A., Dallas, Texas WASHINGTON — The Federal Deposit Insurance Corporation (FDIC) today approved a deposit insurance application for Augustus National Bank, N.A. (Augustus National Bank), a newly chartered national bank to be headquartered in Dallas, Texas. The organizers of […]
The SEC owes an apology to firms targeted by overzealous prosecutions
Securities and Exchange Commission Chair Paul Atkins’ effort to rein in the agency’s bureaucrats is a welcome move. However, hundreds of firms damaged by unconstitutional prosecutions deserve public exoneration.
It will take more than an AI wand to dislodge bank core providers
Looking at the competitive structure of the core-provider business illustrates why challengers have such a hard time winning business from the big three.
How banks can stay ahead on financial advice in the AI era
Consumers increasingly trust third-party AI tools nearly as much as their own bank, according to recent survey data. Industry experts lay out what banks need to do now to keep their edge.
N.J. bank is in a rare spot: total losses on some C&I loans
A portfolio review initiated by BCB Bancorp’s new CEO, Tom O’Brien, led to a spike in nonaccrual loans at the Bayonne, New Jersey-based bank.
As PE crowds out RIA buyers, here’s what sellers need to know
RIA owners may feel a “moral dilemma” when considering selling their firms to private equity-backed acquirers. But that didn’t prevent PE involvement from reaching a record high in M&A deals in the second quarter.
Zions closes Basis buy, expanding agency multifamily
The deal bolsters Zions’ ability to serve multifamily customers and creates a natural extension of its affordable housing lending program, management said.