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Chicago has one of the largest unbanked populations in the country, so United Credit Union rolled out a loan program aimed at those people who would typically use a payday lender.
May 18 -
First Citizens, JPMorgan Chase and New York Community Bancorp all bought failing banks in 2023. Here's what experts say they and other acquirers should do to ensure the tech integration is smooth.
May 18 -
During a Senate Banking hearing with regulators, Sens. Jon Tester, D-Mont., and Mark Warner, D-Va., raised concerns about sweeping policy changes, while bipartisan consensus emerged around curbing executive compensation.
May 18 -
Rep. Maxine Waters, D-Calif., posted the Democratic version of a stablecoin bill that has some differences with the Republican version led by Rep. Patrick McHenry, R-N.C. But those differences aren't insurmountable.
May 18 -
Rep. Maxine Waters is adding to the pressure that the North Carolina bank is feeling in connection with a community benefits plan that was mostly expected to benefit communities in California. First Citizens, which bought SVB from the FDIC, has so far been noncommittal.
May 18 -
The West Virginia company says COO Jeffrey Jackson will become chief executive in August instead of January. He will succeed Todd Clossin, who will retire earlier than planned and describes Jackson as "well prepared."
May 18 -
The government's routine disbursement of funds to millions of workers, contractors, and retirees could become uncertain if it's forced to default.
May 18 -
Sens. Jon Tester, D-Mont., and Thom Tillis, R-N.C., suggested that the reports released by the Federal Reserve and the Federal Deposit Insurance Corp. didn't tell the whole story of the banking crisis.
May 18 -
Under a tax-sharing agreement, the money will eventually be divided between the holding company and an FDIC receiver, who is overseeing the remnants of the failed bank.
May 18 -
During the pandemic, many banks adopted programs that helped struggling families find stability. Make that a permanent strategy.
May 18
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During a Tuesday hearing, lawmakers talked through how to properly regulate the wide-ranging uses of AI. Some voiced support for forming a new AI agency.
May 17 -
As the window for averting a potential default narrows by the day and the amount of room the Treasury Department has under the statutory borrowing limit dwindles, markets are on edge.
May 17 -
Short interest as a percentage of shares outstanding in the SPDR S&P Regional Banking ETF rose to 92% from 74% a week ago, according to data compiled by S3 Partners, a technology and data-analytics firm.
May 17 -
The bank's new Long Game app rewards users for saving and dangles the chance to win cash prizes.
May 17 -
Community banks tapped the brakes during the first quarter, citing higher interest rates, recession threats and fallout from regional-bank failures. Fed data shows the trend has continued into May, and executives are preaching caution.
May 17




















