Integrated Financial finds new buyer in Capital Bancorp
Last year, the Raleigh, N.C.-based Integrated called off a deal to sell itself to MVB Financial after bank stocks took a hit in the aftermath of the regional bank failures. Capital hopes to expand its government-guaranteed lending with the transaction.
Looking back: The fall of crypto giant Sam Bankman-Fried
Once a prominent figure spurring financial institutions to engage in cryptocurrency, Bankman-Fried’s downslide began with the collapse of the digital asset exchange FTX in late 2022 and hit rock bottom with his sentencing to 25 years in prison.
Buy the People: Red as Rust — Sherrod Brown’s battle for Ohio’s populist vote
Senate Banking Committee Chairman Sherrod Brown faces a tough 2024 campaign to recapture his Ohio senate seat in a state that’s increasingly Red. Can the same state that elected conservative populist firebrand J.D. Vance also re-elect Sherrod Brown? And what do the political undercurrents apparent in Ohio mean for banks?
A road map for how to do good
In her new book, “Higher Ground,” Alison Taylor, a business school professor, dives into how executives can grapple with thorny social and environmental challenges while ensuring an ethical culture within their companies.
Citi says 42% of energy clients unprepared for low-carbon future
With the movement to clean energy under way in most industries, banks are paying closer attention to their clients’ plans.
Clairvoyance isn’t in anyone’s job description, so don’t expect it
Managers often find themselves frustrated that their expectations aren’t being met. Instead of assuming the worst about employees, first ask yourself whether you have clearly expressed what you want from your team.
How KeyBank’s approach to fintechs set the tone for product development
The bank is launching KeyVAM, a virtual account management offering it designed with fintech Qolo. Both companies said the nature of the relationship was as important as the technology it produced.
20 bank holding companies with the largest credit card loan portfolios
The top five bank holding companies have combined total credit card loan portfolios of more than $705 billion.
Former Fed officials: Liquidity tweaks needed to prevent next SVB
Harmonizing standards for liquidity coverage ratios and discount window pledges could prevent the type of strains that led to last year’s bank failures, according to a new paper whose authors include former Federal Reserve Govs. Dan Tarullo and Jeremy Stein.
Ally hires new CEO, setting off dominoes at Discover
Ally Financial ended a six-month search for its next chief executive by hiring Discover CEO Michael Rhodes. The move adds a new wrinkle to Discover’s pending sale, though Discover said that Rhodes hadn’t been expected to have a long-term role at Capital One following the merger’s completion.