Ken Lehman has bought a controlling stake in another community bank.
Lehman, a former banking lawyer who makes
The company said that the change in control triggered accelerated compensation, which will result in an $885,000 expense in the second quarter. However, it will also allow Village to recognize $25,000 in monthly savings for the rest of 2019 and $20,000 to $23,000 in monthly savings next year.
Lehman agreed earlier this month to
Federal Reserve Vice Chair Michelle Bowman said the Fed's proposed capital framework will inject up to $100 billion into the economy to support small-business loans.
House Financial Services Chairman French Hill is pushing regulatory relief for banks, reforming the Consumer Financial Protection Bureau and advocating a "whole-of-government" assault on fraud.
Recurring payments for stuff like streaming content can get lost in the shuffle, creating an opportunity for the big card brands.
New survey data finds little correlation between increased AI spending and layoffs in financial services. But many executives said they expect job cuts at their companies in the next 12 months.
The stalemate over stablecoin yield leaves both sides uneasy, but ultimately favor banks.
Research, insights and data on how banks and financial institutions are using AI can now be found in a new location on American Banker.
