The June 11 Washington People column mistakenly reported gifts to the Republican Party as donations to a Presidential Gala dinner. Don Powell, the Texas banker President Bush has nominated to be Federal Deposit Insurance Corp. chairman, and John Chalsty, former chairman of Credit Suisse First Boston and now a senior adviser to it, each agreed to raise $100,000 as deputy chairmen of the dinner. Citigroup lobbyist Roger Levy agreed to raise $50,000. AFLAC agreed to donate $250,000 to be listed as a vice chairman, and Capital One raised $50,000.
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The stalemate over stablecoin yield leaves both sides uneasy, but ultimately favor banks.
7m ago -
Research, insights and data on how banks and financial institutions are using AI can now be found in a new location on American Banker.
10h ago -
The regulator argues the plans were costly, too theoretical and ineffective, eliminating the financial crisis-era requirement as part of the Trump Administration's deregulatory push.
March 31 -
Thomas Owens, Trustmark's current chief financial officer, will take over as chief operating officer on May 1. The COO position has historically been a pathway to the top job at the Jackson, Mississippi-based bank.
March 31 -
Will Artingstall, global head of digital asset payments and ecommerce solutions within Citi's Services business, sat down with American Banker to discuss the firm's banking-as-a-service business and how it fits into its larger corporate payments strategy.
March 31 -
The bank's planned $142 million acquisition of Affinity Bancshares comes as war-related uncertainty appears to have slowed the industry's appetite for mergers.
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