Why bank stocks may struggle to muster more momentum
Higher funding costs, lower loan demand and the potential for increased credit costs continue to drag on the sector heading into second-quarter earnings season.
FDIC nominee Goldsmith Romero: Basel reproposal ‘on the table’
President Joe Biden’s nominee to lead the Federal Deposit Insurance Corp. signaled openness to withdrawing and resubmitting the Basel III rule.
Apple’s EU concessions create payments opportunity for Samsung, Curve
The American tech giant’s agreement to open up to other firms may give other tech firms the chance they need to offer an updated mobile wallet.
Basel endgame supporters need a litigation strategy of their own
The banking industry is using the threat of lawsuits to push regulators toward a less stringent final rule on capital. Those in favor of tougher rules should fight fire with fire.
20 community banks with the largest first mortgage loan portfolios
The top five community banks have combined first mortgage loans of more than $2.8 billion as of March 31, 2024.
How Project 2025 would affect bankers
A document from the Heritage Foundation, written by some of former President Donald Trump’s top economic advisors, could have a large impact on bank oversight, should Trump win the presidential election this year.
Citi fined $136 million for alleged violations of 2020 consent orders
The megabank isn’t making enough progress in its efforts to improve its risk management systems, according to the Federal Reserve and the Office of the Comptroller of the Currency.
Senators accuse Jamie Dimon of backing off his climate commitments
Elizabeth Warren was among those who criticized Dimon for saying that the bank is going to move away from “commitments” toward “aspirations” on climate.
Texas bank leverages family ownership to drive growth
Susser Bank has proved successful attracting business from small and midsize companies the past two years. It’s hoping a successful capital raise and continued branch expansion can extend the trend.
Powell says Fed can’t muscle FDIC, OCC on new capital proposal
During his second day of congressional testimony this week, the Federal Reserve chair said the central bank does not have supremacy over other agencies on their joint rulemaking.