With the Sam Bankman-Fried trial over, can banks get back into crypto?
FTX’s implosion made it even harder for crypto-related businesses to work with U.S. banks. With the fraud conviction of the company’s founder, regulatory clarity may gradually come.
Banks eager to resume M&A predict ‘wave of consolidation’ in 2024
Many banks tapped the brakes on mergers and acquisitions this year amid economic and regulatory challenges. But executives at banks with a history of dealmaking say conditions could be right for them to return to buying mode next year.
8 of the biggest issues facing the banking industry today
From glitches in payment processing to the consequences of compliance failure, banks need to pay attention to a range of significant issues.
Iowa bank is fifth failure this year
Months prior to its failure, Citizens Bank in Sac City had entered into a consent order with the Federal Deposit Insurance Corp. and the Iowa Division of Banking due to problems in its portfolio of commercial trucking loans.
NCR, Diebold embark on new strategies to improve ATMs
NCR Atleos and Diebold Nixdorf are signing deals that grant access to other industries and regions where there’s demand for self-serve cash access — with additions such as artificial intelligence and better security.
Regulators say banks have been ‘fairly positive’ about the new CRA rule
Heads of the three major bank regulatory agencies made their case for why the recently finalized framework implementing the Community Reinvestment Bank is not all bad for the banks subjected to it.
Fed policies continue to batter small businesses
The small businesses that drive the U.S. economy and local economies throughout our nation are being “hung out to dry” by regulators’ push for increased capital requirements, according to the head of the Small Business & Entrepreneurship Council.
Treasury eyes bank whistleblowers as it steps up sanctions enforcement
The Treasury Department is expanding a whistleblower program, which currently deals only with anti-money-laundering violations, to include tips from employees of financial institutions that result in sanctions-related penalties.
Big Tech companies’ latest forays into financial services
Amazon, Apple, Meta, Alphabet and X have all been ramping up their ability to offer payments services, loans and other traditional bank products.
Capital One seeks to offload more NYC commercial-property loans
Banks have been working to sell portfolios of commercial-property debt as they seek to manage their exposure to the sector. Soaring borrowing costs have weighed on valuations, with commercial real estate prices slumping 16% in September from a peak in March 2022, according to real estate analytics firm Green Street.