Financial News
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Republic First fails; Fulton Bank acquires assets, branches
The Philadelphia-based bank’s parent company, Republic First Bancshares, had been roiled by a yearslong proxy battle involving activist investors groups…
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Custodia to appeal ruling in Fed lawsuit
The Wyoming-based digital asset bank filed paperwork to challenge last month’s district court ruling, which affirmed the Federal Reserve’s view…
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Former CFPB Director Richard Cordray resigns from Education Department
The former head of the Consumer Financial Protection Bureau resigned Friday after the troubled rollout of the Free Application for…
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Renasant taps insider as next CEO, Aspiration spins out new brand
Mississippi’s Renasant names its next CEO; environmental fintech Aspiration Partners spins out its consumer brand; the OCC adds five weeks…
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Cullen/Frost boosts loan growth forecast despite higher-for-longer rates
The San Antonio-based bank said that loan growth, fueled in part by its expansion in key Texas markets, may compensate…
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American Banker news quiz: April 26
In the inaugural iteration of American Banker’s news quiz, test your knowledge on top articles covering the legal battles of…
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Associated in Green Bay gathers lending momentum, boosts margin
The Wisconsin banking company forecasted loan growth of 4% to 6% for the full year, driven by an expansion into…
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Investors seek billions from SVB’s husk. Why regulators refuse to pay
The agency has a history of tangling with parent companies over how to split the burden after banking units collapse.
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Bank branches need to balance new technology with personal service
Branches won’t succeed without significant investment in mobile and in-branch technology; but failing to invest in bankers themselves is just…
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‘Be your own champion:’ How hybrid work can empower careers
To build their executive presence in meetings and on video calls, junior employees should embrace flexible schedules — and possibly…
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A Utah bank is gone after 16 years of losses. Why did it survive so long?
Liberty Bank in Salt Lake City had been “structurally unprofitable” since 2008, according to its regulators. Experts criticized the FDIC…
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CRE focus ‘unsustainable,’ Valley National CEO says in strategy shift
The New York-based bank says it will push its concentration of commercial real estate loans below 400% of risk-based capital…
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Capital One profit misses estimates as loan write-offs climb
Capital One, like Discover, is showing signs of greater stress in its loan portfolio. Credit-card write-offs totaled $2.2 billion in…
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Anchorage Digital debuts crypto settlement network
The San Francisco-based firm’s Anchorage Digital Trusted Liquidity and Settlement network, better known as Atlas, will allow clients to settle…
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Banks don’t talk about the energy AI guzzles. Here’s why they should.
Artificial intelligence models are energy hogs. Climate First Bank and UBS are among the very few trying to solve this…
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