BankThink
Blockchain-based tokenized financial products are rapidly advancing into asset classes like private credit and commercial real estate. American banks must lead, before global competitors set the terms.
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Reports that the White House is considering naming Treasury Secretary Scott Bessent as the next chair of the Federal Reserve have raised eyebrows and speculation in Washington — especially in an administration with a penchant for assigning cabinet secretaries multiple jobs.
June 12
American Banker -
Small businesses are essential to the ongoing prosperity of the United States, but they are not well served by the country's largest banks. For everyone's sake, that needs to change.
June 12
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The HUMPS Act, pending in Congress, would take necessary steps to begin putting some guardrails around regulators' assessment of the quality of banks' "management."
June 11
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Banks can now make loans of less than $1,000 easily and profitably. Increasing their availability would benefit consumers, communities and, most of all, banks themselves.
June 10
The Federal Reserve Board banned a former relationship banker in Arkansas after he was caught stealing customer funds; Benchmark Federal Credit Union plans to merge with Franklin Mint Federal Credit Union to form a $2.1 billion-asset institution; Robin Vince, CEO of Bank of New York Mellon since 2022, has been elected chairman of the board; and more in this week's banking news roundup.
Bethany Corum succeeds Tom Barron as president of Capital City Bank; Independent Bank Corp. plans to finalize purchase of in-state rival, Enterprise Bancorp; Customers Bank taps Mark McCollom to take over as chief financial officer; and more in this week's banking news roundup.
The 15 largest banks had an average NCO ratio of 0.66% in the first quarter.
BankThink is American Banker's platform for informed opinion about the ideas, trends and events reshaping financial services. View our