Banking Industry Newsfeeds

Crypto terrorism funding grows more sophisticated, study finds

Friday, January 17, 2020

Terrorism financing schemes using cryptocurrencies are growing in sophistication, according to researcher Chainalysis, which helps law enforcement track digital-coin transactions.

In reversal, California gives license to point-of-sale lender

Friday, January 17, 2020

The fintech Sezzle received its license after agreeing to refund customers and pay a fine for previously making loans that state regulators had deemed illegal.

Southern Missouri Bancorp lines up deal in its home state

Friday, January 17, 2020

The company will pay $24 million in cash for Central Federal Bancshares.

Banks that shun risky borrowers offer rosy view of U.S. consumer

Friday, January 17, 2020

Roughly a decade after being burned by the most punishing financial crisis since the onset of the Great Depression, it's increasingly clear that the nation's largest lenders are targeting a narrower slice of consumers: The wealthy and those with excellent credit.

Morgan Stanley not satisfied; lawmakers demand more answers from Dimon

Friday, January 17, 2020

The investment bank is raising its return on equity target following a record earnings year; Democrat lawmakers say JPMorgan's response on racial discrimination questions was inadequate.

Trump plans to nominate Shelton, Waller to Fed board

Friday, January 17, 2020

The president tapped the pair in July for the two remaining vacancies, but the formal announcement of his intention to nominate them didn’t come until this week.

Will Fed's simpler capital regime be ready before next stress tests?

Thursday, January 16, 2020

The central bank is aiming to finish a rule creating a streamlined capital buffer ahead of the upcoming round of stress testing, but industry experts say that timeline may be too ambitious.

State regulator in Colorado blocks credit union's planned bank purchase

Thursday, January 16, 2020

The Colorado Banking Board may be the first regulator to ever block a credit union-bank merger.

FDIC, OCC issue cybersecurity bulletin amid 'heightened' global risk

Thursday, January 16, 2020

The two agencies cited geopolitical tensions in issuing the warning and best practices tips, though they stopped short of referring directly to the recent U.S. clashes with Iran.

Eagle strikes optimistic tone despite lower 4Q performance

Thursday, January 16, 2020

While the Maryland company claimed it has margins and credit issues under control, it couldn't provide any clarity on rising legal expenses.

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