Daily Edition

The Office of the Comptroller of the Currency's decision to remove reputational risk from banks supervision plans means that one of examiners' most effective tools has been stripped away.

Chief Executive Officer Georges Elhedery was aiming for $1.5 billion in annual cost savings, but HSBC is forecasting hundreds of millions in extra real estate costs as it considers asking more of its employees to work from an office.

Analysts are predicting stronger results this year after a disappointing outcome in 2024.

There were some intriguing ideas at the event, but whether they'll take off remains to be seen.

New York's attorney general announces MoneyGram will pay a civil fine to settle a lawsuit over its handling of remittance payments; Swedish buy now/pay later lender Klarna is getting into the telecom business; Truist Financial has hired Charles Alston to lead its new nonprofit hospital, higher education and government banking team; and more in this week's banking news roundup.

Deputy Treasury Secretary Michael Faulkender says Basel capital rules need to fit the U.S. economy and avoid discouraging banks from lending.

From AI to crypto to the fraud fight, the industry is rapidly evolving; these young companies are looking to take advantage.

Lipkin, who built Valley National Bancorp from a small community bank into a regional institution with 200 branches in four states, passed away this week at age 84.

Financial markets were shaken but not stirred this past spring, according to the Federal Reserve, as swinging stock prices and bond yields did little to bring down elevated asset prices or leverage. 

The fintechs at this year's NYC Innovation Lab highlighted the demand for new forms of artificial intelligence in financial services.

Senate Parliamentarian Elizabeth MacDonough has ruled that Republicans cannot move ahead with slashing the Consumer Financial Protection Bureau's funding and Federal Reserve staff pay in the tax bill.

Pursuant to an executive order on "overcriminalization," the OCC said it will revise its guidance for referring regulatory offenses to the Department of Justice for criminal prosecution and will publish a review of criminally enforceable regulations by May 2026.

The president's rush to weaponize trade policy is going to accelerate efforts by other countries to decrease their reliance on U.S.-based payments processors. That's not in the country's interest.

The credit bureau is working with Plaid to provide lenders with current and predictive cash-flow data for consumers that don't have an extensive credit record.

The removal of the Consumer Financial Protection Bureau as a viable regulator has thrown the doors open to the kind of unscrupulous behavior that triggered the last major financial crisis.