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In the aftermath of Louisiana's largest bank failure, Ashton Ryan Jr. was convicted on all 46 counts against him. U.S. Attorney Duane Evans called the case a "theft of epic proportions."
February 13
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Banks that previously based more of their incentive compensation decisions on loan production are recalibrating this year. It is the latest sign of how competitive the deposit market has gotten.
February 12
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The New York City Banking Commission will now require banks seeking access to municipal deposits to provide detailed plans about how they are combatting discrimination. The commission is also implementing a public comment process as part of its process for determining which banks are eligible.
February 10
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The regulatory authority could reinstate the ability to impose banklike regulation on firms it finds to be 'systemically important.'
February 10
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As the Office of the Comptroller of the Currency rethinks its bank merger framework, the standard metric for determining a bank's deposit concentration in a merger review is increasingly irrelevant, officials say.
February 10
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Super Bowl spending spikes, Openpay closes, Mastercard takes aim at gamers, and more in banking news this week.
February 10
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The appointment of Mung Chiang should lead to more robust oversight, sharper questions and overall stronger corporate governance, First Merchants CEO Mark Hardwick said.
February 10
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PayPal is pausing work on the project as regulators increase scrutiny of cryptocurrencies and a key partner faces a probe by the New York State Department of Financial Services.
February 10
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In a speech on digital assets and decentralized finance, the Federal Reserve Board governor said the underlying technology of the volatile sector has value.
February 10
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Federal Housing Finance Agency Director Sandra Thompson said that Federal Home Loan Banks benefit from the implied guarantee of the U.S. government.
February 10
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Albuquerque-based One Hope Financial Institution will focus on small-business owners who have been historically excluded from traditional banking services.
February 10
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Darius Wise was tapped to become the credit union's chief executive in full, after holding the role of interim CEO since May 2022.
February 10
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Compliance software helps banks onboard and monitor cannabis business clients in a regulatory grey zone.
February 10
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Coinbase shares fell the most in more than six months after rival Kraken was forced to stop providing an investment service also offered by the largest U.S. cryptocurrency exchange.
February 10
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The two banks are now targeting May 27, three months later than their previous goal. The transaction, which would create a top-six U.S. bank by asset size, was originally expected to be completed last fall.
February 10
