Kevin Wack is American Banker's national editor, and is based in southern California. He was formerly the publication's consumer finance reporter and its Capitol Hill correspondent. Earlier, he worked on financial policy in Washington. He has also reported for the Associated Press and worked as the investigative reporter for the Portland Press Herald in Maine.
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The money trail is a prominent part of investigations dominating headlines in the Trump era, casting attention on banks that have facilitated transactions for various people in the president's orbit.
August 19 -
Steve Calk, the head of The Federal Savings Bank, was a "co-conspirator" in an effort to defraud the Chicago bank, a prosecutor said at the trial of former Trump campaign chair Paul Manafort. Could Calk be charged with a crime?
August 13 -
Joe Baratta, Blackstone’s global head of private equity, said that he was drawn to the Sacramento, Calif., company because he believes its technology offers lenders a more efficient way to find customers.
August 10 -
The former Trump campaign chair got $16 million in mortgages from The Federal Savings Bank. His trial is shedding new light on what the bank's CEO allegedly received in return.
August 7 -
The online small-business lender was aided by loan growth, wider margins and stable credit trends. Its shares surged by 25% after second-quarter earnings were announced.
August 7 -
The bank's predicament suggests that the Trump administration's hard-line stance on immigration can cause headaches for financial institutions.
August 6 -
The trend poses challenges for banks, which have long required customers who want fees waived to put in their own effort.
August 2 -
The state follows Colorado’s lead in adopting reforms pushed by the Pew Charitable Trusts.
July 31 -
As memories of the financial crisis fade, consumers are back to their old spending and saving habits — and that could be a big problem.
July 30 -
The announcement follows a news report that said it routinely and without notification charged higher rates than it initially quoted.
July 30
