Fincen issues guidance on avoiding banking sanctioned Israeli extremists
The Financial Crimes Enforcement Network issued an alert Thursday on avoiding business relationships with sanctioned Israeli settler groups in the West Bank, an effort that comes as the White House is pushing sanctions on foreign actors involved in destabilizing the region.
Press Release: FDIC Issues List of Banks Examined for CRA Compliance
PRESS RELEASE | FEBRUARY 2, 2024 FDIC ISSUES LIST OF BANKS EXAMINED FOR CRA COMPLIANCE WASHINGTON – The Federal Deposit Insurance Corporation (FDIC) today issued its list of state nonmember banks recently evaluated for compliance with the Community Reinvestment Act (CRA). The list covers evaluation ratings that the FDIC assigned to institutions in November 2023. […]
FHFA’s Home Loan bank report is a policy unicorn. Don’t let it escape.
The FHFA’s Home Loan bank report is that rare thing you never see in the nation’s capital anymore — a balanced plan on a complex issue that could have lasting impact on a difficult problem.
New York Community: Growing pains, strategy miss, or both?
A day after the regional bank’s stock tumbled on tough fourth-quarter results and some austerity moves, observers debated whether management just needs time to build enough capital to catch up with growth or if it is still too overexposed in multifamily lending.
Regions Bank cuts ‘less than 3%’ of staff
The Birmingham, Alabama bank cut down its workforce across divisions as higher interest rates put pressure on its business.
Are credit-linked notes a good way for regional banks to offload risk?
With tougher capital requirements looming, a number of regionals including U.S. Bancorp, Huntington and Santander are using these new instruments to share risk with nonbank investors and lighten their capital load. Experts point out the pros and cons.
FDIC ‘dismantled’ tech office, GOP lawmakers say
Top House Financial Services Committee Republicans questioned the Federal Deposit Insurance Corp.’s stance on innovation, and said they were worried about the impact that would have on the bank examination process.
What makes a good mobile banking app?
Experts explain which features customers expect, which they love and where banks are creating a competitive edge with their apps.
Why aren’t more banks sending real-time payments?
Banks can choose to only receive transactions instantly, and it’s the most popular choice. Simply preferring to get paid faster isn’t the reason.
Carver in New York rejects unsolicited takeover offer
The embattled bank said it reviewed and then turned down a $3.25-per-share bid from Dream Chasers Capital. Carver called the offer “unrealistically low” given the bank’s “intrinsic value.”