WASHINGTON -- The 60 savings and loans in the Resolution Trust Corp.'s conservatorship program had a net loss of $283 million in the second quarter, 26% more than in the first.
The thrifts, which held $23.2 billion in gross assets on June 30, had a negative tangible capital of $2 billion, the RTC said.
The agency said $162 million of the second-quarter loss reflected noncash charges to recognize prior losses on assets, including writedowns of goodwill.
Research, insights and data on how banks and financial institutions are using AI can now be found in a new location on American Banker.
The regulator argues the plans were costly, too theoretical and ineffective, eliminating the financial crisis-era requirement as part of the Trump Administration's deregulatory push.
Thomas Owens, Trustmark's current chief financial officer, will take over as chief operating officer on May 1. The COO position has historically been a pathway to the top job at the Jackson, Mississippi-based bank.
Will Artingstall, global head of digital asset payments and ecommerce solutions within Citi's Services business, sat down with American Banker to discuss the firm's banking-as-a-service business and how it fits into its larger corporate payments strategy.
The bank's planned $142 million acquisition of Affinity Bancshares comes as war-related uncertainty appears to have slowed the industry's appetite for mergers.
American Banker data finds that a majority of executives investing in technology expect payments enhancements in the immediate future as well as further out.
