Sidney King

President and CEO

Sidney King is president and CEO of Commonwealth National Bank, a community development financial institution in Mobile, Alabama.

CDFIs

A new way for banks to think about supporting CDFIs

Instead of injecting cash into Commonwealth National Bank, Regions Bank is taking a more targeted approach: providing funding for the community development financial institution to hire a commercial banker.

By John M. Turner

May 18

TRENDING

Regulation and compliance

'Well-capitalized' banks keep failing; it's time for a reality check

What's the point of regulatory capital rules that ignore demonstrated problems, like unrealized losses? We need to rethink what banks' disclose to investors and regulators.

By Brian Graham

1h ago
Commercial lending

NYCB lays out revised strategy while warning of more near-term pain

The embattled Long Island bank unveiled a turnaround plan that involves selling noncore assets and diversifying its commercial loan book. But first, it will need to sort through credit-related challenges in its large commercial real estate portfolio.

By Polo Rocha

May 1
Monetary policy

Fed to start slowing balance sheet wind down in June

During this week's Federal Open Market Committee meeting, officials voted to lower the cap on the amount of Treasury securities that can roll off the central bank's books each month from $60 billion to $25 billion.

By Kyle Campbell

May 1