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New guidelines aim to make sure bank mergers benefit communities

Sep 20, 2024
The rules were updated by several federal regulators this week, including the Federal Deposit Insurance Corporation and the Office of the Comptroller of the Currency.
Under the new guidelines, regulators will consider whether a bank merger would give small businesses more access to credit.
Ozan Kose/AFP via Getty Images

How trailblazing women fought for a place on Wall Street

Sep 12, 2024
The new book "She-Wolves: The Untold History of Women on Wall Street" chronicles the barriers women had to break down to become part of major financial institutions.
It wasn't until 1976 that the first woman traded stocks on the floor of the New York Stock Exchange.
Spencer Platt/Getty Images

With a soft landing for the economy in sight, big banks are doing well

Jul 15, 2024
A strong stock market and a vibrant economy that never fell into recession have boosted earnings at financial institutions.
Once investors accepted that a recession isn't on the horizon, big banks have thrived.
jetcityimage/iStock Editorial/Getty Images Plus

AI could automate over half of banking jobs

Jun 21, 2024
A new report by Citi looks at the financial tasks that will be delegated to AI — and the new ones that will crop up.
One thing AI won’t be as good at as human bankers? Dealing with human customers.
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Possible severing of Israeli-Palestinian banking ties stirs worries

May 28, 2024
If the Israeli finance minister's threat is carried out, the Palestinian economy — and the Palestinian Authority — could be starved of revenue.
Vandalized aid trucks on the Israeli side of a barrier with the West Bank. Before the Hamas attack of Oct. 7, many more Palestinians earned paychecks by working in Israel.
Oren Ziv/AFP via Getty Images

Corporate dealmaking has picked up. That's good news for bankers — and the economy.

Apr 15, 2024
After a couple of years of uncertainty, there's pent-up demand for mergers, stock and bond sales and other complex transactions.
Goldman Sachs reported that investment-banking revenue increased 32% last quarter from the same time in 2023.
Michael M. Santiago/Getty Images

What do bank earnings tell us about the economy?

Apr 11, 2024
Over the next week, six major banks will be reporting their earnings. Higher interest rates could affect both sides of their balance sheets.
Joe Raedle/Getty Images

For public good, not for profit.

Acquire or be acquired may be the new reality for small and midsize banks

Mar 14, 2024
Many are struggling with high deposit rates and shaky commercial real estate portfolios. Some seek to bulk up as a solution.
First Republic failed and was absorbed by JPMorgan Chase. Due to pressures in the banking industry, some expect to see more consolidation.
Justin Sullivan/Getty Images

Banks are still grappling with fallout of SVB's failure one year on

Mar 11, 2024
Regulators are more watchful, and banks are trying to be more resourceful.
The banking system was caught off guard by the problems at Silicon Valley Bank,  Signature Bank and First Republic Bank.
Justin Sullivan/Getty Images

What does it mean for a bank to find “material weaknesses”?

Mar 4, 2024
Regional lender New York Community Bancorp swapped out its CEO last week following the revelation of what it called “material weaknesses in the company’s internal controls.
New York Community Bank acquired nearly $40 billion in assets from Signature Bank last year. That rapid growth can make it hard for internal controls to keep up.
Spencer Platt/Getty Images