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The FDIC gave Cadence Bank in Mississippi the highest possible rating on its most recent Community Reinvestment Act evaluation. Cadence was the product of a 2021 merger completed just months after the acquired bank settled a federal lending discrimination case.
June 8
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The seller announced the delay to give it time to solicit more votes in favor of the deal. It plans to push a June 13 meeting to next month, when shareholders will decide whether to approve the transaction.
June 8
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Regulators need to recognize the uniqueness and potential of cryptocurrency instead of seeking to fit crypto assets into an outdated regulatory framework.
June 8
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The measure will prevent banks chartered elsewhere from charging interest rates above Colorado's 36% rate cap. If additional states take the same approach, it could hamper the business model for high-cost consumer lenders that partner with banks.
June 7
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Robert Trunzo, who has led TruState since 2014, will retire in October. The company, previously called CUNA Mutual Group, hired Terrance Williams to replace him.
June 7
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After shares dropped in the aftermath of recent failures, most banks demonstrated resilience and investors started to buy back into the sector.
June 7
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The interagency report recommends practices for financial institutions to manage relationships with fintechs and other third parties.
June 7
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Paulding County, northwest of Atlanta, is Georgia's second-fastest growing county, but after years of consolidation just one community bank has a branch there.
June 7
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Sen. Dick Durbin, D-Ill., has reintroduced a plan to reduce merchants' credit card acceptance costs, with more backing from bipartisan lawmakers.
June 7
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Ally Financial, TD Bank and Park View Federal Credit Union are experimenting with custom settings so users can tweak color contrast, font styles and more.
June 7
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Citigroup Chief Executive Officer Jane Fraser visited Beijing this week, joining other Wall Street executives to travel to China despite growing geopolitical tensions with the United States.
June 7
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A study from Surfshark found that crypto scams cost their victims about five times as much money as losses from other cybercrimes.
June 7 -
The Providence, R.I.-based bank has been scaling down its indirect auto lending program since last year.
June 7
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State officials from California to New Jersey along with the SEC are focusing on Coinbase's staking program, which offers customers a return for letting their tokens be used to facilitate blockchain transactions.
June 7
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This week in global news: JPMorgan Chase works on blockchain in India, U.K. reps want faster crypto regs and more.
June 7
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Widespread adoption of a central bank digital currency would utterly transform the financial services sector by reducing access to loans and raising prices for consumers.
June 7
The Cato Institute’s Center for Monetary and Financial Alternatives -
As incentive marketing and payments preferences change, Geeta Chandan, vice president and head of product and loyalty at Discover, will join us at American Banker's Payments Forum to discuss opportunities and challenges. interview at Payments Forum
June 7
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After outsize profits at banks during the early stages of the pandemic led to big increases in compensation, chief executives collected a 7% median pay raise in 2022. The decline in stock prices following the recent banking crisis could weigh on the size of this year's awards.
June 6
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The Tennessee-based bank was supposed to be acquired this year, but the merger fell apart a month ago. Now executives say that employees are energized as they reengage with clients who are relieved that they won't be switched away from First Horizon's systems.
June 6
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Beach Cities Commercial Bank is set to open in Southern California next week. Rising interest rates and consolidation in recent decades have created more opportunities for investors to form new banks, experts said.
June 6
