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The collapse of the Sam Bankman-Fried's controversial crypto exchange changed consumers' view of digital assets. Credit unions, in turn, pivoted to focus on lower-risk services.
February 28
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A group including Dr. Bernice King, Martin Luther King Jr.'s daughter, and former SBA Regional Administrator Ashley Bell says the deal struck Tuesday to acquire Holladay Bank & Trust in Utah marks the first time Black investors have acquired a non-Black bank.
February 28
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Americans for Financial Reform say in an amicus brief that the Second Circuit should revisit a 30-year old decision ruling that loan participations were not securities.
February 28
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Rules around what, when, and to whom a bank must report in the wake of a data breach remain a key point of regulatory friction. Some hope a new federal office could help.
February 28
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While Goldman Sachs is still pushing to make its expansion into consumer lending profitable, the bank is also weighing strategic alternatives, CEO David Solomon says. The dueling options reflect the problems that Wall Street giant faces in Main Street banking.
February 28
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As firms like Klarna and Sezzle attempt to reach profitability, fintechs that offer point-of-sale financing brace for consolidation, regulation and other drastic changes to their market.
February 28
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The Federal Reserve, Federal Deposit Insurance Corp. and Office of the Comptroller of the Currency have issued statements on crypto risks this year. Industry participants warn about a chilling effect.
February 28
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The Santander chair said that rising interest rates and an improved operating model will increase the bank's valuation.
February 28
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The boom in digital commerce led to a boom in hiring, and many payment companies have started cutting back. This is creating an experienced pool of talent for employers that have room to grow.
February 28
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The top five banks and thrifts in our ranking have combined assets of more than $12.6 trillion as of December 31, 2022.
February 28
