Credit union trade groups said the regulator’s spending plan indicates the agency isn't listening to feedback and needs to make further cuts while providing more support for de novos. ... Read full article
The San Francisco-based bank will keep most employees working from home for at least a month longer than last announced. ... Read full article
The Detroit automaker says it will stick to car loans and steer clear of mortgage lending if regulators approve its application to establish an industrial bank. ... Read full article
The company adds to a growing list of banks shutting branches to invest in technology offerings. ... Read full article
The digital currency soared another 9% Wednesday, climbing past $21,000; the bank made the first move on the asset manager, won by Morgan Stanley, and eventually offered more money. ... Read full article
The percentage of seriously-delinquent loans hit 5.8% in the third quarter, up from 1.5% a year earlier but down from 6.8% in the second quarter. ... Read full article
They're among a handful of companies willing to hold clients' digital assets for safekeeping. Many of their peers balk at the reputational and financial risks. ... Read full article
First Technology FCU, led by a former banker, stands ready to raise fresh capital by issuing subordinated debt. But first it must wait for a rule change from the National Credit Union Administration that's drawing fierce opposition from the banking ... Read full article
His comments came a day after the Fed announced it had formally joined an international network of central bankers and regulators focused on mitigating climate risk to the financial sector. ... Read full article
Roddy has worked at JPMorgan for more than two decades. He replaces Rob Holmes, who recently left the company to join Texas Capital Bancshares as CEO and president. ... Read full article
The agency’s second in-depth study of the community banking sector pointed to continued challenges for local institutions from the pandemic and other headwinds, but many smaller banks are reaping the benefits of M&A and holding their own against larger ... Read full article
Tonia Clark will leave Las Colinas FCU to take the helm of $116 million-asset Allied. ... Read full article
Citigroup will soon offer workers the ability to take a 12-week sabbatical as part of a bevy of new employee perks in the wake of the coronavirus pandemic. ... Read full article
The digital-only bank is running a new promotion in which it will set up and fund, with $250, an online savings account for any baby born on New Year’s Eve. ... Read full article
It isn't lost on Fiserv that consumers increasingly are moving to digital financial services. Its deal to acquire Ondot Systems, a digital card solutions platform, aims to capitalize on the shift. ... Read full article
Bansley & Kiener, without admitting wrongdoing, agreed to pay $2.5 million to address allegations that lax oversight contributed to the 2017 collapse of Washington Federal Bank for Savings. ... Read full article
The two groups have launched a new effort to promote the benefits of being certified as a community development financial institution. ... Read full article
As with most things related to 2020, COVID-19 will be a deciding factor as the Federal Reserve considers whether banks are able to increase their dividends or resume share buybacks. ... Read full article
Bank of America is extending pandemic benefits for employees who need child or adult care services. ... Read full article
The regulator is expected to finalize a rule this week allowing credit unions to issue subordinated debt to outside institutional investors. That's bad public policy, the American Bankers Association writes. ... Read full article
