Bank earnings to shine spotlight on loan charge-offs

Friday, September 29, 2023

Commercial real estate borrowers, including vulnerable office tower landlords, are increasingly struggling to make payments and, as a result, more lenders are expected to report higher credit costs.

MidWestOne acquires Denver Bankshares, leadership changes at JPMorgan

Friday, September 29, 2023

MidWestOne will reinvest proceeds of branch sales into Denver Bankshares; promotions are afoot in JPMorgan's investment banking unit; Bethpage Federal Credit Union expands into Queens and New Jersey; and more in the weekly banking news roundup.

Inside JPMorgan's year of being haunted by Jeffrey Epstein

Friday, September 29, 2023

With the firm's $75 million settlement this week with the US Virgin Islands, the echoes from the bank's association with the convicted sex offender continue to reverberate.

Congress is focusing on the wrong deposit insurance reforms

Friday, September 29, 2023

Increasing federal deposit insurance limits is not the answer to the banking system's woes. It would cause riskier behavior and more red tape. And it wouldn't prevent bank runs.

Ripple backs out of Fortress Trust purchase

Friday, September 29, 2023

Less than a month after Ripple said it had agreed to acquire custodian Fortress Trust, the crypto company is backing out of the deal.

Why consumer delinquencies are at their highest level since 2020

Thursday, September 28, 2023

The combination of inflation and rising interest rates over the last 18 months has made it more difficult for Americans to stay on top of their loan payments, especially on credit cards and auto loans.

Cross-selling is key for ICE's success post-deal, it says

Thursday, September 28, 2023

MSP users who are not Encompass customers are a particular target and vice versa, ICE Mortgage Technology chair Ben Jackson said.

Republic First to partner with activist investors in new capital raise

Thursday, September 28, 2023

A proposed settlement between the Philadelphia-based community bank and an activist investor group that has waged a nearly two-year battle for control also calls for overhauling the board of directors.

Credit unions that serve federal workers prep for government shutdown

Thursday, September 28, 2023

To help those who may not get paid during a budget deadlock, credit unions are reviving past programs such as low-interest loans, payment deferrals and forms of relief.

Small Kansas bank failed because its CEO fell for a crypto scam: Report

Thursday, September 28, 2023

Two months after the mysterious failure of the Heartland Tri-State Bank in Elkhart, Kansas, a news article sheds light on its downfall. CEO Shan Hanes was involved in a cryptocurrency hoax involving a $12 million wire payment, according to the Bloomberg Businessweek report.