Fresh off one merger deal, Indiana credit union unveils another
Centra Credit Union in Columbus, Indiana — which completed a merger with NorthPark Community Credit Union this month — has agreed to absorb Hoosier Hills Credit Union. The latest deal would create a $3 billion-asset institution.
FDIC Board of Directors Meeting
BOARD MATERIALS | JANUARY 17, 2024 By notational vote, the Board approved a notice regarding an Extension of Title I Resolution Plan Submission Deadline for Triennial Full Filers and a Review of FDIC Regulations in Accordance with the Economic Growth and Regulatory Paperwork Reduction Act (EGRPRA). The following items were notationally approved: Extension of Title […]
Varo has embedded free tax filing in its app
The digital-only bank is among the first to offer such a feature, which can make a bank and its checking account stickier.
Santander’s adding tech talent; Revolut’s boosting mobile payments
Worldline and Google partner team up for cloud computing; Global Payments works with Commerz in Germany.
Chief Basel skeptic ‘cautiously optimistic’ about reaching a compromise
Federal Reserve Gov. Michelle Bowman, a vocal opponent to the proposed risk capital rules for large banks, said she still sees a path forward for capital reform.
We need a globalized system for flagging ‘politically exposed persons’
Who counts as a politically exposed person, or PEP, is different in different jurisdictions. Uniformity in the identification of people considered a higher risk for money laundering would ease compliance headaches for everyone.
CFPB proposes setting maximum overdraft fees at $14 for largest banks
The Consumer Financial Protection Bureau plans to release a proposal that would set maximum overdraft fees at $14 for the largest banks in an overhaul of how overdraft fees are calculated and charged.
Walls are closing in on the Basel capital reforms
In official comments on bank regulators’ Basel III endgame capital proposal, concerns are being raised by a wide array of stakeholders — including civil rights advocates and consumer advocacy groups — suggesting major amendments or re-proposal may be necessary for the rule to cross the finish line.
Rebound in dealmaking could boost Goldman Sachs after rocky 2023
The Wall Street giant did a lot of backtracking last year, abandoning its plans to become a bank for everyone. Now it’s refocusing on growing its tried-and-true businesses of dealmaking and asset management.
As charge-offs rise, PNC says it’s positioned to weather the cycle
The Pittsburgh-based regional bank reported a jump in soured commercial and consumer credits during the fourth quarter. Still, PNC executives said the company is appropriately reserved for a mild recession.