The Japanese automaker pulled its bid for an industrial lending arm following "an evaluation of the initiative's scope, timing and requirements" and a difficult fiscal year.
The Texas Ratio, which tracks banks with underwater loan portfolios, is a reality check for the health of community banking.
Consumers are confused about FDIC coverage for fintechs, placing the same amount of trust into nonbank payment companies that do not provide the same deposit protection.
Rick Simonetti knows it's not easy recruiting private bankers and then moving their clients and assets. That hasn't stopped him from building Fidelis Capital into a $3 billion firm built largely on bankers pulled from Wells Fargo and Bank of America.
There wasn't just one recipe for landing among the top-performing banks with $50 billion or more in assets. There were two — or, in some cases, a mix of both.
Drawing from both 9/11 and the 2023 Silicon Valley Bank failure, KBW's CEO Tom Michaud talks about the need to modernize deposit insurance to prevent digital bank runs.
