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The Santa Anna National Bank in Central Texas is the second bank to fail this year.
New order lets banks use third-party data for customer ID, reducing paperwork for firms, but the idea has divided some in the industry.
The largest U.S. banks took less of a capital hit under the Federal Reserve's hypothetical stress scenario than they did last year, but averaging the two sets of results could impact next year's regulatory requirements.
Time is running out for the 90-day pause on most of President Trump's tariffs. But at least two bank CEOs are confident there won't be a summer sequel to "Liberation Day."
The company sought to pay far less than a New York court had imposed as a result of the lawsuit the SEC brought against it. In a twist, the new SEC leadership argued on the company's side against the prior administration's position.
Republicans pulled a $52B foreign bank tax after Bessent says he struck a global pact, easing industry fears.
