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The Birmingham, Alabama, bank said that its deposits fell by $3.3 billion last quarter, and it projected a decrease of up to $2 billion between April and June. Executives assured investors that sizable liquidity sources are available.
April 21
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Financial institutions and their trade groups fear a loss of funding for loans if customers migrate in large numbers to a central bank digital currency, according to comments to the Federal Reserve about a possible digital dollar. Industry officials are also worried about heightened cybersecurity and money laundering risks.
April 21
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Texas National Bank in Mercedes, Texas, is testing how alternative data can improve the speed and accuracy with which it lends to its small-business customers.
April 21
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The Financial Stability Oversight Council proposed two measures that would enable the body to more easily designate nonbanks as systemically important, a move expected to revive Dodd-Frank era debates between Republicans and Democrats.
April 21
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Bank of America hits 100% recycled-plastic card goal for Earth Day, First U.S. Community Credit Union names new CEO, Santander partners with DailyPay, and more in this week's banking news roundup.
April 21
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Regional banks, including PNC Financial Services Group, KeyCorp, and Citizens Financial Group, were among those boosting lobbying expenses at the highest rates.
April 21
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A study published after last month's crisis finds that banks can guard against rate-driven deposit outflows by keeping more liquid funds available. It also concludes that financial institutions with higher rates of uninsured deposits are more likely to face bank runs.
April 21
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The Green Bay bank has seen stable performance since its recent strategy overhaul.
April 21
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The U.K. payment firm recently paired with the small-business technology firm Bluevine, part of a growing network of collaborations to compete in the crowded international transfer market and cut out correspondent banks.
April 21
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Elevated interest rates, economic uncertainty and financial sector fragility exposed by recent bank failures threaten to stunt lending activity.
April 21
