Reputational risk will exist whether or not regulators look for it
There is a difference between combating discrimination and forcing bankers to ignore problems.
Who really controls the Fed board?
Federal Reserve Board Governor Jerome Powell’s decision to remain on the board he once led combined with a lack of explicit rules governing Fed governance could lead to a power struggle that hasn’t been seen in a generation.
Fannie, Freddie shares dip as Pulte’s added role raises questions
Analysts said Bill Pulte’s new additional role as spy chief will further delay GSE privatization efforts, although that could change if he formally departed.
FNBO’s latest deal adds to its Kansas City buildout
The Omaha, Nebraska-based company announced its second purchase of a Kansas City-area bank in just over a year. It plans to keep expanding in the fast-growing market, according to Chairman and President Clark Lauritzen.
Aspiration Bank co-founder sentenced to 14 years for fraud
Joseph Sanberg was handed a 168-month prison sentence for two counts of wire fraud after the celebrity-backed ecofintech collapsed last year.
As the EU attacks U.S. giants, Visa and Mastercard get local
The card networks are pouring funds into on-site development of emerging payment innovation amid rival efforts to dilute U.S. influence.
Powell lookback favors large Fed balance sheet, limited guidance
A retrospective paper on the former Federal Reserve chair’s tenure offers takeaways that speak directly to his successor’s policy agenda.
Trump’s AI order gives small banks access to new AI models
The order asks major AI companies to voluntarily give the government a preview of their latest models.
U.S., European banks diverged on Iran war’s impact in Q1
Globally, the war had varying impacts on banks’ first-quarter provisions, according to a new report. U.S. banks reported limited reserve-building in response to the conflict.
Mastercard reorganizes leadership to deepen its bench
The payments network made a series of six staffing shuffles targeting the upper echelons of its organization as part of an effort to simplify global management while bolstering top-tier talent.