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The Federal Reserve's inspector general says the reserve bank CEO did not trade on confidential information or have conflicts of interest, but did violate central bank rules and policies.

The latest inflation news is almost sure to result in a 25 basis point cut next week, but some are still hoping for 50 basis points, as well as reductions totaling almost 200 basis points through the end of 2025, Wolters Kluwer found.

Banks and consumers report fraud at higher rates than they did before the pandemic, and those cases have continued getting costlier.

As banks deploy AI to cut costs, some face pressure to define long-term value, Finovate speakers said this week.

The regional bank has already seen a large reduction in "criticized" loans, and it expects that trend to pick up as lower borrowing costs alleviate the pain in the commercial real estate sector.

Fieldpoint Private Bank & Trust and its parent company entered a written agreement with state and federal supervisors pledging to address several compliance issues.

The card network is building a model for account-to-account payments, which are gaining popularity, while Swedish regulators criticize Klarna's money-laundering prevention efforts. That and more in American Banker's global payments roundup.

Advocates for depositor-owned banks hope Warsaw Federal's $5 million capital raise will serve as a template for institutions in need of more capital than retained earnings can provide.

When it comes to delivering superior return on average equity, smaller banks frequently punch above their weight, according to a recent study by Capital Performance Group and American Banker.

Large banks welcomed regulators' proposed changes to last year's controversial reform package, but remain skeptical about the need for more capital.