"Breaking some of the national banks into pieces ultimately is desirable. Bigger is not necessarily better. But nationalization is not the most effective way to do it."
Gary CAdy, president and CEO of Torrey Pines Bank, weighing in on the proposed takeover of troubled money-center banks.
"It's just a bunch of brokers out there trying to peddle a bunch of crap."
Brad Copeland, chief credit officer, Umpqua Bank, on the quality of participation loan deals in the Pacific Northwest.
The embattled Long Island bank unveiled a turnaround plan that involves selling noncore assets and diversifying its commercial loan book. But first, it will need to sort through credit-related challenges in its large commercial real estate portfolio.
During this week's Federal Open Market Committee meeting, officials voted to lower the cap on the amount of Treasury securities that can roll off the central bank's books each month from $60 billion to $25 billion.
House Republicans held a subcommittee hearing on reforming bank merger M&A, laying the groundwork to counter Biden administration efforts to make it more difficult for mergers to be approved.
Bolstered by healthy first-quarter global card-spending trends, Mastercard is focusing on opportunities outside the U.S., including a unique card-processing arrangement beginning this month in China.
A new policy directive aims to fortify critical infrastructure by enhancing collaboration between U.S. intelligence agencies and systemically important financial entities.
Mark Warren and Thom Tillis have introduced the Secure Artificial Intelligence Act of 2024 to address the unique risks of AI.
