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The top five community banks averaged a return on average equity of 115.97% as of June 30.

California's banking market, shaken up by big acquisitions and last year's crisis, is drawing financial institutions seeking opportunity.

The agency had been on the verge of downgrading Philadelphia-based Republic First Bancorp's CAMELS rating to the lowest level but opted for a less severe remedy after a November 2020 visit.

The Financial Conduct Authority plans to regulate specific technology products that banks use to process payments and require testing. That and more in our global payments roundup.

The Dallas-based bank is accusing the Consumer Financial Protection Bureau of "pursuing an aggressive and overreaching investigation" into its role in a Treasury Department prepaid card program.

The reduced pace of consumers moving into delinquency adds evidence to the thesis that households are facing lower financial stress.

Recent multimillion-dollar elder fraud cases are leading to lawsuits and possible regulatory action. 

Senior loan officers polled by the Federal Reserve reported that they further upped their standards for approving credit for customers. But they also signaled that concerns are easing and credit quality is poised for improvement.

With Sen. Mark Warner, D-Va., occupied on the Senate Intelligence Committee, Sen. Elizabeth Warren, D-Mass., is one step closer to leading Democrats on the Senate Banking Committee.

The majority of banks on American Banker's Best Banks to Work For 2024 list are small banks with assets of less than $3 billion.