Bankers Trust New York Corp.'s shares resumed their December rally Thursday, gaining $1, to close at $70, a 52-week high.
So far this month, the New York bank's shares have risen 7.2%, one of the biggest gains in the industry. For most of the year, Bankers Trust shares were left out of the industry's rally.
Bankers Trust's Christmas eve gains led all major bank stocks, which were mixed in narrow trading.
The Dow Jones industrial average rose 12.70 points to close at 3,326.24.
Consumer spending slowed and charge-offs rose during the first quarter, but Bread Financial said a pending late-fee rule may not be as devastating to its revenue as the Columbus, Ohio-based firm initially feared.
Artificial intelligence models are energy hogs. Climate First Bank and UBS are among the very few trying to solve this problem.
The FDIC board debated and ultimately withdrew two separate proposals to address asset managers' control over banks, but acting Comptroller of the Currency Michael Hsu said he couldn't support either and called for more research and debate about how asset managers' control over banks impacts safety and soundness.
The state's comptroller of public accounts is one of several notable non-depositories with access to the Fed's payments system, along with the Chicago Mercantile Exchange and the Tennessee Valley Authority. So why do they have accounts while some neobanks don't?
Mortgage rates rose 7 basis points this week, Freddie Mac said, and more increases are likely following a weaker than expected gross domestic product report.
While home lenders are seeing a decrease in issues coming through mobile channels, phone fraud spiked last year, accounting for 28% of losses, a new report found.
