A $24 million single-family provision for credit losses linked to economic uncertainty and changes in actual and forecast home prices weighed down results.
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While the March 3 submission deadline holds firm, compliance experts suggested guidance inquiries for Home Mortgage Disclosure Act filers could be lacking.
February 26
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In a forum Tuesday, Senate Democrats railed against President Trump and Elon Musk's efforts to shutter the Consumer Financial Protection Bureau as anti-consumer and illegal.
February 25
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The fintech, which works with and competes with banks, will now let business users book travel and manage expenses in one place.
February 25
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The Justice Department said in a legal brief that the Consumer Financial Protection Bureau will continue to exist, but said instead that the agency will have fewer employees and a reduced budget under the Trump administration.
February 25
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The Illinois company plans to acquire neighboring Bancorp Financial in a cash-and-stock transaction that would form the second largest community bank in the Chicago area.
February 25
Each of the top-performing banks with more than $50 billion of assets used their own mix of revenue streams to drive performance.
Big banks with the strongest financial performance varied in asset size, geographies and services.
Growing loans was a tall order in 2024, but banks that could do just that were able to outperform their peers.
Inflation-adjusted gross domestic product decreased an annualized 0.3% in the first quarter, well below average growth of about 3% in the prior two years, according to the government's initial estimate.
The administration's major moves include weakening the Consumer Financial Protection Bureau and rolling back numerous Biden-era regulations.
The potential for a global trade war has largely undone the optimism that the industry exhibited at the beginning of the year. Here's a look at three ways that tariffs could negatively impact banks.
A $24 million single-family provision for credit losses linked to economic uncertainty and changes in actual and forecast home prices weighed down results.
Inflation-adjusted gross domestic product decreased an annualized 0.3% in the first quarter, well below average growth of about 3% in the prior two years, according to the government's initial estimate.
The administration's major moves include weakening the Consumer Financial Protection Bureau and rolling back numerous Biden-era regulations.
The potential for a global trade war has largely undone the optimism that the industry exhibited at the beginning of the year. Here's a look at three ways that tariffs could negatively impact banks.
Bankers are concerned about stablecoins gaining traction due to the passage of the GENIUS Act, and also continue to sound the alarm about the failure to resolve check fraud disputes, according to the latest quarterly survey from IntraFi.
Pulaski Savings Bank's failure will cost the FDIC's Deposit Insurance Fund 57.6% of its total assets.
The CEO of First Northwest Bancorp is promising to fight a lawsuit claiming the lender helped a client perpetrate a Ponzi scheme that bilked a hedge fund out of more than $100 million.
Most Influential Women in Payments honorees say the dramatic expansion in technology presents new opportunities and challenges as employers evolve away from traditional business models.
Honorees from American Banker's Most Influential Women in Payments discuss spotting tangible uses for innovation, rather than buying into hype.
Each year, American Banker recognizes the women who are advancing the payments industry in banking, retail, acquiring, processing and more.
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The banks have invested in gen AI and embedded finance, respectively.
August 12 -
John Buran shares how his New York bank and its small business customers are faring with tariff uncertainty — and how some have quickly changed suppliers and modified business plans — in the latest American Banker podcast.
July 15
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Big banks are investing in quantum computing. What does that mean for the future of finance? And, more importantly, will they ever become useful?
February 25
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Brian Moynihan argued Tuesday that the president's allegations of politically motivated debanking stem from the problem of overregulation.
February 25
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The Champaign, Illinois-based bank said Jeffrey Jones stepped down from his post days before it could close its acquisition of CrossFirst Bankshares. Jones' exit was not deal related, Busey said.
February 25
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Donna Ferrato stopped paying her mortgage more than 15 years ago, yet she's still living in her Manhattan condo. Her case is part of a broader power struggle between mortgage lenders and homeowners in New York state.
February 25
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The Consumer Financial Protection Bureau and SoLo Funds, a small-loan fintech, mutually dismissed a case regarding loan cost disclosures and state licensing.
February 24
