The Consumer Financial Protection Bureau sent a letter to the Government Accountability Office last week criticizing a probe into the bureau's funding request for 2025, insisting that acting CFPB Director Russell Vought has "sole discretion'' to determine funding and staffing levels.
-
Columbus-based Northwest Bancshares finalized its acquisition of Penns Woods Bancorp; Barclays becomes the second U.K.-based bank to leave the Zero Banking Alliance; BankUnited announces the appointment of Michael Mitchell as executive vice president, director of branch banking; and more in this week's banking news roundup.
August 1 -
First Foundation is in transformation mode, after a capital infusion and new management gave it some power to remix its challenged balance sheet. But the bank just took its third quarterly loss out of the last four quarters.
August 1 -
The Cleveland bank is working with Personetics to provide advice and help to digital banking customers that takes into account their circumstances, current transactions and history.
August 1 -
Companies that lack artificial intelligence governance may spend hundreds of thousands of dollars more in responding to cyberattacks, IBM found.
August 1 -
Employment came in below estimates, which some economists expect could move the bond market in ways that affect loan costs even before the Fed meets next.
August 1
Among banks with between $10 billion and $50 billion of assets, those that targeted narrow lending markets rose to the top.
Growing loans was a tall order in 2024, but banks that could do just that were able to outperform their peers.
Seven of the 20 top-performing banks with $2 billion to $10 billion of assets last year were based in Texas. But it's not about being bigger.
The bank is working through a list of legal issues it inherited when it bought Credit Suisse in early 2023.
The bank is hiring Aashish Dhakad from Ares Management Corp. to become head of private credit origination for North America.
The Consumer Financial Protection Bureau sent a letter to the Government Accountability Office last week criticizing a probe into the bureau's funding request for 2025, insisting that acting CFPB Director Russell Vought has "sole discretion'' to determine funding and staffing levels.
Emma Bienias is managing director of
The bank is working through a list of legal issues it inherited when it bought Credit Suisse in early 2023.
The bank is hiring Aashish Dhakad from Ares Management Corp. to become head of private credit origination for North America.
The Consumer Financial Protection Bureau sent a letter to the Government Accountability Office last week criticizing a probe into the bureau's funding request for 2025, insisting that acting CFPB Director Russell Vought has "sole discretion'' to determine funding and staffing levels.
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.
American Banker is proud to recognize, in its third annual Most Influential Women in Payments, Next, the women under 40 who have demonstrated expertise, leadership skills and an ability to adapt in an ever-changing payments industry.
After a three-decade climb up the corporate ladder, Reda took on her most daunting task yet: launching the card network's new consumer banking unit.
Associate partner Mary Ann Francis is a risk taker — the kind who jumps off a waterfall without a parachute. She brings this same boldness to her work at IBM, where her decades of banking experience help the tech giant find new opportunities for artificial intelligence and quantum computing.

- A lack of resources is one common cause of AML penalties, says consultant Aaron Ansari.
- Some banks are "punching above their weight," according to Dan Latimore, chief research officer at The Financial Revolutionist. Here's how they do it.
-
The decision to rejoin the CEO and chairman roles comes roughly two months after regulators removed an asset cap that had stunted the San Francisco-based company's growth for seven years.
July 31 -
President Donald Trump is bringing in bank leaders to meet with him one by one at the White House. Beyond the economic discussion, there's a chance at a big payday for their firms.
July 31 -
In New York City and elsewhere, financial institutions are taking stock of their office-building security protocols following the killing of four people, including an investment bank executive, in Midtown Manhattan. Security experts say that layers of protection are essential in all office buildings.
July 31 -
In a new lawsuit, a former Flagstar compliance officer says Alessandro DiNello fired him for investigating his suspected misconduct. In one lurid example, the former CEO allegedly revealed sensitive company information as a junior employee sat on his lap.
July 31 -
The Federal Deposit Insurance Corp. withheld bonuses from former FDIC Chair Martin Gruenberg and four senior officials, whose names were redacted from the report, as part of "corrective action" for allegations of misconduct.
July 31