Citi must keep climate grants frozen for now: Appeals court
The New York megabank, which is stuck in the middle of a legal battle between climate groups and the Trump administration, had been ordered earlier this week to disburse billions of dollars in grants made during the Biden administration.
Fed’s Barr: Core providers need to step up cybersecurity
Federal Reserve Gov. Michael Barr — who recently stepped down as the central bank’s Vice Chair for Supervision — urged banks and regulators to use emerging technologies to keep pace with bad actors.
Ally leaves guidance unchanged amid auto tariff uncertainty
The auto lending specialist did not alter its financial guidance in the wake of President Trump’s 25% levies on imported vehicles. Ally posted a net loss of $225 million in the first three months of 2025 following a one-time balance sheet restructuring.
Regions Financial tweaks 2025 outlook, sees US slowdown
The parent company of Regions Bank released modest growth first quarter earnings, anticipating a slowdown in the economy due to market volatility.
KeyCorp keeps guidance unchanged despite ‘macro uncertainty’
Executives at the Cleveland bank are concerned about tariff uncertainty, stubborn inflation and stalled deals — but they haven’t changed their guidance for 2025.
Amex won’t stop product updates despite tariff chaos
CEO Stephen Squeri said current strategy will continue, adding it would look to adjust expenses in areas such as marketing if there’s an economic downturn.
Truist reduces 2025 revenue guidance amid market volatility
The super-regional bank cited “a material slowdown” in investment banking and trading income as one reason for the lower revenue forecast. Interest rates are also a factor, executives said.
Fifth Third CEO: deregulation will up competition for banks
Fifth Third Bancorp revised its guidance, but still expects record net interest income for 2025, even as commercial clients signal that economic volatility will drive up inflation.
Investments in payments tech, AI are up in 2025
Companies are planning to spend more on technology and artificial intelligence in 2025 when compared to last year, and AI is a choice area for investments.
Philly Fed taps Chicago Fed research chief as next president
Anna Paulson, executive vice president and director of research at the Federal Reserve Bank of Chicago, will replace outgoing Philadelphia Fed President Patrick Harker.