GOP senator seeks hearing on Fed independence after Dudley op-ed


Sen. Thom Tillis of North Carolina called for the panel to hold a hearing on what he termed the danger that the Federal Reserve will meddle in the 2020 presidential election.


Bankers turn curiously optimistic about the economy


Competition for deposits is tight, the outlook for loan demand is uncertain, and regulatory relief is slow-moving. Yet community bankers are feeling better about the economy than they have in two years, a Promontory Interfinancial Network survey found.


Bank stocks take big hit as trade war fears escalate


China's decision to stop buying U.S. soybeans and let its currency depreciate raised the prospect of further interest rate cuts. That hurt banks slightly more than the rest of the market on what was a bad day for all equities.


Trump says Fed should have Draghi as chief instead of Powell


The president said that European Central Bank President Mario Draghi would do a better job overseeing monetary policy in the U.S. than Fed Chairman Jerome Powell.


Fifth Third CEO sees no need for digital-only bank


CEO Greg Carmichael said Wednesday that online-only banks "aren't relationship-based" and that Fifth Third would stick to its plan of attracting new depositors by selectively expanding into new markets.


‘Epic’ flooding forces ag banks to lean on farm agency


Lenders are turning to the Farm Service Agency to backstop more loans as their Midwestern customers are beset by flooding in addition to the U.S. trade war with China and volatile crop prices. Can the FSA meet the increased demand?


An upside for banks in trade wars; window closing for regulatory rollbacks?


Despite tension between the U.S. and trading partners, bank are doing booming business in financing cross-border commerce; some Republican lawmakers are getting antsy at the pace of rollbacks for bank regulations, and are pushing regulators for a sense of urgency.


A growing risk for ag lenders


Can farmers — and the banks that lend to them — survive Trump's trade war?


Construction lending is about to get hammered by trade war


Rising tariffs are rapidly increasing the cost of building materials, putting banks at risk.