WASHINGTON — The Federal Deposit Insurance Corp. will release its industry earnings report for the second quarter on Aug. 22.
The industry will look to see if the
Bankers will also be focused on the rate of loan growth, which has recently begun decelerating.
The Quarterly Banking Profile for April to June of this year will be released at 10:30 a.m. and followed by a Q&A session with FDIC Chairman Martin Gruenberg.
Tricolor Holdings had been showing some cracks leading up to its bankruptcy filing Wednesday. Fifth Third, which had funded the company, said that the problem is a "one-off."
From FedNow to Venmo, banks are tapping QR codes for speed and security. Scammers are also exploiting the blind trust they elicit.
The Senate Banking Committee voted 13-11 to favorably recommend Stephen Miran's nomination for the Federal Reserve Board to the full Senate.
The U.K.-based super app expanded its partnership with Google Cloud as it looks to advance account-to-account payments; Global Payments launches Genius platform in the U.K.; and more in this week's global payments roundup.
At a hearing on deposit insurance reform, Republican lawmakers concluded that only the largest banks would oppose a proposal to raise insurance for business accounts to $20 million.
For the first time, this list of banking's rising stars aged 40 and younger is presented in ranked order, highlighting the depth and performance of the industry's top talent.
