u.s. banking news
- Banking
After 50 years, a new mutual bank will launch
Organizers of what would be the nation’s first de novo mutual bank in half a century say they’re nearly ready…
Read More » - Banking
Troubled payments startup Bolt reaches settlement in customer suit
Authentic Brands Group, which owns and licenses brands like Forever 21, has settled its lawsuit against Bolt Financial. The agreement ends months of…
Read More » - Banking
Digital credit takes a page from buy now/pay later loans
More startups are using buy now/pay later-style instant online credit approvals to streamline consumers’ access to revolving credit. The concept…
Read More » - Banking
Columbia Bank pushes its business lending unit into Utah
Columbia Banking System, which is nearing the completion of a merger with Umpqua Holdings that would create a $50 billion…
Read More » - Banking
Rethinking bank capital at a ‘pivotal moment’ for the Fed
Michael Barr, the Biden administration’s pick to serve as the Federal Reserve’s top regulator, said during his Senate confirmation hearing…
Read More » - Banking
Fed bans former Golden Pacific investor from banking industry
Karl K. Klessig, an investor who sought to acquire the former Golden Pacific Bancorp in Sacramento, California, was banned from…
Read More » - Banking
What banks, credit unions can learn from VyStar-Heritage merger’s demise
VyStar and Heritage Southeast Bank had delayed the closing of their merger deal three times as they sought approval from…
Read More » - Banking
Burke & Herbert in Virginia to form holding company
Virginia’s oldest bank announced plans Wednesday to form a bank holding company. Pending regulatory approval, the 170-year-old Burke & Herbert…
Read More » - Banking
CEO of Members First Credit Union in New Hampshire to retire
Bruce Leighton, president and chief executive of Members First Credit Union in Manchester, New Hampshire, is set to retire. The…
Read More » - Banking
Crypto lobbyist will run for New York seat in House
WASHINGTON — The head of a crypto-focused trade association has decided to run for an open House seat from New…
Read More » - Banking
How an Arizona credit union plans to support local businesses equitably
Arizona requires that procurements of less than or equal to $100,000 will be offered, if practical, solely to small businesses…
Read More » - Banking
NY Green Bank’s new fund will finance clean energy in underserved areas
NY Green Bank, an investment fund for sustainable infrastructure projects, wants to ensure that disadvantaged communities across New York state…
Read More » - Banking
Used-car loans lead credit union lending surge
U.S. credit unions experienced one of the strongest recent quarters of loan growth, with used-car loans returning as a major…
Read More » - Banking
BECU chief executive retiring at end of 2022
Benson Porter, president and chief executive of Boeing Employees Credit Union in Tukwila, Washington, is stepping down after more than…
Read More » - Banking
PacWest in California signals CEO succession plan
PacWest Bancorp in Los Angeles, whose chief executive is among the longest-tenured bank leaders in the country, has unveiled a…
Read More » - Banking
Truist expands its wealth-management business into Chicago
The wealth-management arm of Truist Financial has moved into the Chicago market. With the addition of a 10-person team in…
Read More » - Banking
Huntington’s payments acquisition brings disbursements up to speed
Over the last five years, Huntington has made significant investments to upgrade its treasury management business, in part due to…
Read More » - Banking
CrossFirst CEO Maddox to focus on strategy, cede daily management role
After nearly 14 years directing day-to-day affairs at the Leawood, Kansas-based CrossFirst Bank, Mike Maddox is taking a step back.…
Read More » - Banking
How JPMorgan Chase is using payments data to woo merchants from fintechs
Payment firms for years have offered card data to support their business clients’ strategies, a concept JPMorgan Chase hopes to…
Read More » - Banking
6 de novos explain their tech choices
The technology options for de novo banks are plentiful and, some say, stronger than ever. “The choices have never been…
Read More » - Banking
Green Dot pays $13 million to settle lawsuit over scuttled acquisition
The prepaid card company Green Dot has paid $13 million to Republic Bank & Trust to settle a lawsuit over…
Read More » - Banking
Two Virginia credit unions to merge ahead of CEO retirement
Arlington Community Federal Credit Union in Arlington, Virginia, has agreed to merge with neighboring InFirst Federal Credit Union in Alexandria.…
Read More » - Banking
Bank CEOs who got the heftiest raises last year
While most bank CEOs got pay hikes last year, the raises were bigger for some than others. KeyCorp Chief Executive…
Read More » - Banking
Apple Pay Later takes key real estate in buy now/pay later market
Apple’s latest thrust into payments has the potential to be most disruptive to the banks that are already trying to…
Read More » - Banking
CEO of Sharonview Federal Credit Union in South Carolina to retire
Bill Partin, president and chief executive of Sharonview Federal Credit Union in Indian Land, South Carolina, is set to retire.…
Read More » - Banking
Nacha learns bigger is better for same-day ACH payments
Raising the ceiling for faster payments was like bursting a dam for Yasser Abou-Nasr, who sees a chance for Dwolla,…
Read More » - Banking
Longtime CEO of Upward Credit Union in California to retire
Linda White, president and chief executive of Upward Credit Union in Burlingame, California, is retiring. The $100 million-asset credit union…
Read More » - Banking
All together now: Regulators tout benefits of CRA revamp
WASHINGTON — Banking regulators put on a united front in defending their revamp of anti-redlining legislation in the first time…
Read More » - Banking
Credit Union 1, NuMark Credit Union buying Illinois banks
Two Illinois-based community banks have entered deals to be acquired by credit unions in the past three days. On Friday,…
Read More » - Banking
Fintechs focus on supporting people caught in the justice system
Individuals who spend time in prison can experience devastating financial consequences at every turn. They may struggle with the cost…
Read More » - Banking
Tennessee ruling on credit union-bank deal sets tone for other states
A Tennessee judge lifted a temporary injunction that had blocked Orion Federal Credit Union’s acquisition of Financial Federal Bank, enabling…
Read More » - Banking
Louisiana governor vetoes bill to allow high-cost installment loans
Louisiana Gov. John Bel Edwards has vetoed a bill that would have allowed consumer lenders to offer short-term installment loans…
Read More » - Banking
NCUA banned three former credit union employees in May
The National Credit Union Administration has barred three more former credit union employees from participating in the affairs of any…
Read More » - Banking
The U.S. lags in financial regulation addressing climate change
Central banks and regulatory authorities are progressively integrating climate risks into their activities. The Network for Greening the Financial System…
Read More » - Banking
Banks bid for viral fame with videos and influencers on Instagram
Julie Waddle did not expect her video about Venmo to go viral. The digital marketing manager at FNB Community Bank…
Read More » - Banking
Inspirational Quotes: Anne Chow, Andrew Carnegie And Others
Read inspirational quotes about acknowledging your faults, finding inspiring goals and being patient for good things to happen. X Anne Chow…
Read More » - Banking
Dow Jones Falls As Ukraine Fighting Continues; 3 Defense Stocks Pass Buy Points; Tesla Surges After This
The Dow Jones Industrial Average fell as fighting continued to rage in Ukraine despite peace talks with Russia. Defense stocks…
Read More » - Banking
FHFA issues final rule for Fannie Mae, Freddie Mac capital plan
The Federal Housing Finance Agency has finalized amendments to its enterprise regulatory capital framework, largely confirming proposed modifications that encourage…
Read More » - Banking
CFPB proposal aims to curb bias in automated appraisals
Combating appraisal bias has been a priority of the Biden administration, which convened an interagency task force last year to…
Read More » - Banking
Fed’s Bullard still wants to hike rates 100 basis points by July
Federal Reserve Bank of St. Louis President James Bullard continues to back raising interest rates by 1 percentage point by…
Read More » - Banking
Market Rally Weakens On Russia-Ukraine Fears: Weekly Review
The stock market rally, already under pressure, tried to bounce but soon erased those gains amid heightened fears of a…
Read More » - Banking
Small businesses still face $28 billion of unforgiven PPP loans
Almost 350,000 loans made to small businesses in 2020 during the COVID-19 pandemic haven’t been forgiven, according to a Bloomberg…
Read More » - Banking
The EV Giant Catching Up To Tesla
Tesla (TSLA) and BYD Co. (BYDDF) are both fast-growing EV giants. While a lot of attention falls on startups such…
Read More » - Banking
Portfolio Management Rules Created An Investing Champion
This week on the Investing with IBD podcast, George Tkaczuk joins the show. Tkaczuk is a portfolio manager at RCM…
Read More » - Banking
Compounding Profits And Reducing Drawdowns In FAS Stock
The 10-year treasury yield may be off its 2020 lows but it’s still low by historic standards. But when it…
Read More » - Banking
Ehang Holdings Ltd Joins Rank Of Stocks With RS Ratings Over 90
Ehang Holdings Ltd Cl A (EH) had its Relative Strength (RS) Rating upgraded from 90 to 93 Monday. X As…
Read More » - Banking
Coinbase, Circle to move all USDC reserves into cash, Treasuries
A consortium including Coinbase Global said all the reserves of the second-largest cryptocurrency stablecoin will shift into cash and short-term…
Read More » - Banking
Cisco Stock Awaits Earnings Report Amid Supply Chain Worries
Amid worries over supply chain constraints impacting its hardware business, Cisco Systems (CSCO) reports fiscal fourth-quarter earnings after the market…
Read More » - Banking
SBA gives banks a break on PPP loan forgiveness
The Small Business Administration will allow borrowers with Paycheck Protection Program loans of $150,000 or less to apply online for…
Read More » - Banking
When To Buy Growth Stocks: Flat Base, Square Box Show Bullish Action |
Good things, they say, come in small packages. That can be true for chart patterns, too. One example: the square-box…
Read More »
