SEC payouts to whistleblowers plummet despite record surge in tips
Despite the surge in tips to the Securities and Exchange Commission in fiscal year 2023, the number of whistleblowers receiving awards dropped sharply.
Grayscale Chair Barry Silbert resigns while SEC mulls bitcoin ETF
Grayscale Investments, the cryptocurrency-trust manager vying for U.S. approval to convert the world’s biggest bitcoin trust into an exchange-traded fund, says Silbert has resigned as its chairman. He heads a related company that is the subject of lawsuits by U.S. regulators.
Troubled CRE loan delays merger plans for Arizona banks
The deadline for a $28 million deal between Bancorp 34 and CBOA Financial was pushed later into 2024 after Bancorp 34, the buyer, announced it would restate third-quarter results to reflect a significant loss tied to a worsening commercial real estate credit.
Basel endgame must rethink treatment of securities financing
The proposal’s plan for addressing securities financing transactions will lead to negative unintended consequences for multiple financial entities.
Where are they now? 6 Digital Banker of the Year honorees
Michelle Moore, Tim Spence, Ankit Bhatt, Patrick Sells, Dontá Wilson and Allan Rayson have moved up, moved on or tackled new technology projects since they were recognized by American Banker for their leadership in innovation in recent years.
FDIC Releases Public Resolution Plans for Nine Large Banks
Press Release | December 26, 2023 FDIC Releases Public Resolution Plans for Nine Large Banks WASHINGTON – The Federal Deposit Insurance Corporation (FDIC) today released the public sections of resolution plans of nine large domestic covered insured depository institutions due by December 1, 2023. FDIC regulations require a covered insured depository institution to submit a […]
5 pivotal buy now/pay later loan trends to watch
Despite tougher economic conditions, BNPL lenders are driving growth by expanding to new audiences and checkout channels, as well as fine-tuning proprietary risk-management models.
Best American Banker Magazine stories for 2023
Here is a highlight of 10 great American Banker Magazine features from the year. Topics range from redlining to the Most Influential Women in Fintech.
20 U.S. banks with the most borrowing from FHLBs
The top five banks have combined total advances of nearly $165 billion.
Morgan Stanley expects record Japan revenue as BOJ fuels trading
Morgan Stanley said it expects to record its highest-ever income from Japan as bets on a shift in the nation’s monetary policy fuel a trading revival.