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Citing "changing market dynamics," the company announced it will exit mortgage lending this summer.
May 26
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The two banks failed to meet a requirement that they document their efforts to combat discrimination in lending and employment, according to city officials. KeyBank said the decision was the result of a misunderstanding.
May 25
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The National Credit Union Administration is seeking to amend its definition of a "qualified charity" under its framework, which currently excludes those that serve past and present members of the armed forces.
May 25
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As he updated RBC shareholders on a disappointing quarter, CEO Dave McKay cited the U.S. banking crisis and gridlock over the debt ceiling.
May 25
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JPMorgan Chase notifies about 1,000 First Republic Bank employees that they aren't being given jobs — even temporarily — following its takeover of the failed lender.
May 25
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According to the bank, Cecile de Jongh, the wife of former USVI Governor John de Jongh, was Epstein's "primary conduit for spreading money and influence throughout the USVI government."
May 25
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The banking industry, which has been contending with deposit outflows, could get a short-term boost from spooked investors. But once the White House and House Republicans reach a deal on raising the debt ceiling, the pressure on deposits may resume, analysts say.
May 25
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The New York State Department of Financial Services found the company failed to adequately protect itself from data breaches. Since 2018, OneMain has suffered multiple cybersecurity incidents.
May 25
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The intersection of fintech and ag banking is still ripe for innovation. Banks and fintechs are looking for specialized solutions for their ag customers, from harvesting data to managing cash flow fluctuations.
May 25
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California Credit Union receives a CDFI certification, Klarna adds a credit opt out, Amazon enables biometric-powered alcohol payments and more in this week's banking news roundup.
May 25
