by Ken Chase | Aug 2, 2023 | Banks, News
U.S. regulators proposed new bank capital rule changes on Thursday designed to strengthen the U.S. banking system. The proposals were offered in a joint press release from the FDIC, Federal Reserve, and OCC. According to a joint press release, the proposed rules would...
by Ken Chase | Aug 1, 2023 | Banks, News
Heartland Tri-State Bank became the latest casualty of the nation’s string of banking failures late this week. The State Bank Commissioner of Kansas shuttered the Elkhart-based bank on Friday. The Federal Deposit Insurance Corporation (FDIC) was subsequently named as...
by Ken Chase | Jul 29, 2023 | Banks, News
In a joint press release, Banc of California and PacWest announced that the two companies have entered into a “transformational” merger agreement. The deal will create a combined banking entity with more than $36 billion in assets. The merger agreement According to...
by Ken Chase | Jul 26, 2023 | Banks, News
Late last week, the U.S. Federal Reserve confirmed that its FedNow instant payments system is live. The new system, in development for the last four years, promises to provide Americans with nearly instantaneous fund transfers. The launch of FedNow instant payments In...
by Ken Chase | Jul 22, 2023 | Banks, News
In an interview this week, Consumer Financial Protection Bureau director Rohit Chopra suggested an end to “easy” bank mergers. According to Chopra, regulators plan to engage in stricter scrutiny of those mergers going forward. He cited concerns about financial...
