Banking Industry Newsfeeds

Fulton in Pennsylvania to shutter 21 branches

Thursday, October 1, 2020

The company joins a growing list of community banks paring back their networks.

Virginia banks announce plans to merge

Thursday, October 1, 2020

Virginia National and Fauquier Bankshares are planning to create a $1.6 billion-asset company focused on the middle part of the state.

Fed CRA plan seen as bridging divide with OCC

Thursday, October 1, 2020

The agencies are still at odds over how to reform the scoring system in Community Reinvestment Act exams, but experts say the central bank’s recent draft proposal suggests a deal could be struck.

Fed extends payout restrictions on big banks; Barclays sets CEO succession race

Thursday, October 1, 2020

The limits on dividend increases and buybacks have been extended until at least the end of the year; the firm promoted two senior executives that worked with CEO Jed Staley at JPMorgan.

Will Minnesota credit unions’ growth plan catch on elsewhere?

Thursday, October 1, 2020

A new initiative from the Minnesota Credit Union Network to help deepen share of wallet is believed to be the first of its kind and could be a model for credit union leagues in other states.

JPMorgan Chase finds more than 500 workers got virus relief funds

Wednesday, September 30, 2020

More than 500 JPMorgan Chase employees got assistance from taxpayers aimed at helping businesses through the pandemic — and dozens of them shouldn't have, according to people with knowledge of the firm's internal investigation.

Fed aims to give less complex banks relief in capital planning rule

Wednesday, September 30, 2020

The central bank issued a proposal aligning recent stress testing changes with supervisory standards that are tailored to an institution's size and complexity.

Fed will extend freeze on stock buybacks, cap on dividends

Wednesday, September 30, 2020

The Federal Reserve will continue its ban on share repurchases for banks with more than $100 billion of assets into the fourth quarter and will cap dividend payments using a formula based on recent income.

Goldman to resume job cuts as banks abandon COVID moratorium

Wednesday, September 30, 2020

Goldman Sachs is resuming job cuts as the coronavirus pandemic outlasts the financial industry’s resolve to offer jittery employees stability through the economic downturn.

Barclays, Citi and other big banks invest in behavior biometrics firm

Wednesday, September 30, 2020

Four global banks have joined American Express Ventures in contributing to BioCatch’s Series C fundraising round and earning themselves seats on its newly formed Client Innovation Board.

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