Banking

But it's not that green financing is finally winning out over fossil-fuel lending. Rather, Big Oil looks to be getting more money from elsewhere.

Many in Utqiagvik, Alaska, say they like banking with the country's fourth-largest bank. But they also want more banking options in their town, a reality that rural communities across the United States face.

The Mississippi bank would take a big hit to capital and income but avoid the risk of a bigger payout from a guilty verdict in litigation against banks that did business with Allen Stanford's disgraced financial empire.

Roxane Bowering succeeded Andrea Thune as the next president and chief executive of the New York credit union.

Charles Vice, former commissioner of the Kentucky Public Protection Cabinet's Department of Financial Institutions, will advise the National Credit Union Administration's board on policy and tech-related initiatives.

The Spanish lender, aiming to become a leader among second-tier lenders in the U.S., expects to increase the number of bankers at its securities and advisory unit, its head of corporate and investment banking said.

Wells Fargo nabbed a spot among the top 10 advisors on mergers and acquisitions last year, a first for the firm as it ramps up its investment bank under Chief Executive Charlie Scharf.

Bank robberies are becoming a thing of the past in cashless Denmark as the Nordic country recorded its first year of zero holdups in 2022.

With prodding from their regulators, U.S. banks made some progress on assessing climate risk, but did not move as quickly as activists wanted. At the same time, new federal support for clean energy provided opportunities for lenders.

In this month's roundup of American Banker's favorite stories: a deep-dive into how 2022 accelerated the decline of overdraft fees, Zelle's plan for addressing fraudulent transactions, the National Credit Union Administration opens the doors for fintech and credit union partnerships for lending and more.

Every issue of the magazine provides great features, opinion pieces and more about the issues keeping industry leaders up at night. Here is a look at some of the most exemplary coverage from the past 12 months.

Northeast Bank in Portland is putting capital earned from the Paycheck Protection Program to use, purchasing $1.1 billion of loans and launching a small-dollar Small Business Administration lending program.

This year saw far more abandoned deals than the previous one. The list includes State Street's abandoned purchase of Brown Brothers Harriman Investor Services and FVCBancorp's failed merger with Blue Ridge Bankshares.

Telhio Credit Union in Ohio hopes to help contractors verify their earnings when applying for loans and other financial services.

Banks saw dealflow weaken in 2022, both for deals on which they advised and for their own M&A involving other banks and fintech companies.

Lenders are bracing for possible setbacks in small business, office and hospitality lending. Consumer credit challenges may follow.

Executive coaching programs and specialized employee resource groups have helped financial institutions broaden their available pools of talent and ensure more representation throughout all levels of management.

Among U.S. financial regulators, Chopra is the one who bankers fear the most. His agency is expected to battle with the financial industry in 2023 on topics ranging from discrimination to fees and the bureau's funding mechanism.

The New Canaan Bank would have been the state's first de novo in more than a decade.

At the start of 2022, banks sat atop a flood of deposits. But as the year progressed, they faced greater pressure to pay higher rates, and the trends that drove the rapid shift show no signs of abating.