Senate report: KPMG ignored red flags before 2023 bank failures
A report from Democratic staff on the Senate Permanent Subcommittee on Investigations said accounting firm KPMG gave Silicon Valley Bank, Signature Bank and First Republic clean audits despite internal warnings, fraud allegations and apparent risks of failure.
2025 The Most Powerful Women in Banking Top Team: Bank of America
The goal of the regional banking team members is to partner across their respective business lines or service areas to bring in more clients to BofA and to better serve existing clients.
2025 The Most Powerful Women in Banking Top Team: Hanmi Bank
Led by chief SBA lending officer Anna Chung, the team oversees Hanmi’s Small Business Administration lending operation, a longstanding component of the $7.8 billion-asset company’s business model.
2025 The Most Powerful Women in Banking Top Team: Wilmington Trust
Led by Jennifer Warren, who serves as the head of Wilmington Trust, the teamwork resulted in over $2 billion in revenue expansion for the institutional client services division.
2025 The Most Powerful Women in Banking Top Team: U.S. Bank
The bank launched Business Essentials, a bundled suite of banking and payment services, following more than a year of development by a cross-functional team from business banking, branch and small business banking, payments, sales and technology teams.
2025 The Most Powerful Women in Banking Top Team: Ally Bank
Since the completion of the One Ally project in the first half of 2025, the bank reported 10.5% net deposit growth from customers who initially were not deposit holders.
Crypto power struggle flares as Stripe nabs big stablecoin win
These bidding wars are likely to become more common as decentralized platforms build their own stablecoins — and choose partners to issue them, experts said.
There’s a hidden barrier making the small-business financing gap worse
We must build a small-business finance sector where business coaching is integrated and accessible. Philanthropy can ignite progress in the private sector and banks and community lenders can drive it forward.
2025 The Most Powerful Women in Banking Top Teams
Each year, American Banker chooses five teams that embody the spirit of collaboration and illustrate how teamwork can have a substantial impact on a bank’s top and bottom lines.
Fed watchers anticipate rate cuts, watch for dissents
Market watchers expect the Federal Open Market Committee to announce a 25 basis point rate cut today, but are also watching for signals of more cuts to come and how many members push for a larger 50 basis point cut.