by Ken Chase | Feb 23, 2024 | Banks, News
Capital One recently confirmed its intent to purchase Discover Financial for $35.3 billion. Regulators will still need to approve the megamerger before the sale can proceed. If that approval happens, Capital One would become the nation’s largest credit card issuer,...
by Ken Chase | Feb 14, 2024 | Banks, News
A group of industry organizations have filed suit to block regulators’ new Community Reinvestment Act rules. According to the plaintiffs in the case, regulators are exceeding their authority with the proposed rules. Additionally, the plaintiffs argue that the new CRA...
by Ken Chase | Feb 3, 2024 | Market, News
Despite market expectations for imminent rate cuts, the Federal Reserve today confirmed its intent to leave interest rates at their current level. That marks the fourth straight pause on those rates, as inflation has continued to plague American consumers. Inflation...
by Ken Chase | Feb 3, 2024 | Banks, News
New York City is suing the Federal Deposit Insurance Corporation (FDIC) over $44 million in overdue taxes Signature Bank taxes. According to Bloomberg, the suit was filed in a Manhattan federal court on Monday. The suit targets the FDIC in its role as the failed...
by Ken Chase | Jan 5, 2024 | Banks, News
According to Bloomberg, large lenders earned roughly $3 billion from financing so-called “green” projects last year. Meanwhile, lenders reportedly made less than $2.7 billion from the financing of energy projects involving gas and oil. That marks the second...
