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Acquiring First Miami Bancorp would give the Greenville, South Carolina-based buyer three branches and nearly $900 million of deposits in the Southeast's biggest banking market.
February 14
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The American Bankers Association, Credit Union National Association and other industry advocates say the current July 1 deadline threatens the safety and soundness of banking sector.
February 13
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In a speech on the central bank's regulatory agenda for the year, Federal Reserve Board Gov. Michelle Bowman said the merger-and-acquisition review process could benefit from added transparency.
February 13
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In a speech on digital assets and decentralized finance, the Federal Reserve Board governor said the underlying technology of the volatile sector has value.
February 10
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Federal Housing Finance Agency Director Sandra Thompson said that Federal Home Loan Banks benefit from the implied guarantee of the U.S. government.
February 10
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The central bank has raised rates aggressively for nearly a year, but experts believe the hiking cycle is nearly over.
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Along with the typical severely adverse scenarios, global systemically important banks will be tested against a second set of conditions that involve a market shock.
February 9
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In remarks delivered at an agribusiness conference in Arkansas, the Federal Reserve Board member signaled that high financing costs are not going away anytime soon.
February 8
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A fraught but often-overlooked episode near the end of the retired baseball legend's life carries lessons and inspiration for financial professionals.
February 8
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The bank's delay in investigating the case forced the plaintiff to resign from the bank in July 2021, according to the complaint. Wells said that it takes allegations of misconduct "very seriously."
February 8
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JPMorgan Chase pushed back on allegations that its former executive Jes Staley "personally observed" Jeffrey Epstein's abuse, calling them "unsupported" and "conclusory."
February 8
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The president urged Congress to pass a law that would reduce credit card late fees to $8.
February 8
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Wells Fargo will pay $300 million to settle a lawsuit claiming it improperly charged customers for unneeded auto-collision protection insurance — and hid the practice from investors.
February 7
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Revisions in 2020 to the way regulators classify "hot" deposits struck some observers as risky, at least in theory. Silvergate seems to have made that risk less theoretical.
February 7
American Banker -
In February 2018, the Federal Reserve prohibited the San Francisco-based bank from growing beyond $1.95 trillion. Five years later, analysts, investors and lawmakers are left with more questions than answers about the unprecedented enforcement action.
February 7
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Coinbase, Paxos, MetaBank and PayPal all claim the primary purpose exception, which allows companies to place deposits at banks without limits applied to brokered deposits.
February 6
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Bank of America Chief Executive Brian Moynihan's total compensation declined 6.3% to $30 million for his work in 2022, a year in which profit tumbled and the shares sank.
February 3
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A core issue in the upcoming fight over late fees involves what data is being collected on card issuers' costs and losses associated with late payments.
February 3 -
Swiss prosecutors are investigating a data leak involving thousands of former Credit Suisse Group clients who'd reportedly held $100 billion with the bank, in a case set to further discourage whistleblowing in the secretive country.
February 3
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Pointing to an FDIC policy change in 2020, regulatory experts say it's time for the agency to revisit what constitutes a brokered deposit.
February 2
