Why banks are closing so many branches
Banks have steadily winnowed their physical footprints since 2010, when digital services came to the fore. The pandemic — and social distancing — hastened the trend this decade. In 2009, there were nearly 100,000 branches in the U.S. Today, there are fewer than 80,000.
RBB Bancorp, Gateway Bank in Bay Area call off merger
The $23 million deal, signed in 2021 and initially projected to close in the second quarter of 2022, was delayed multiple times amid leadership turnover at the Los Angeles-based RBB.
Deutsche Bank regulator tightens oversight in setback to CEO
German financial watchdog BaFin has appointed an independent monitor to oversee Deutsche Bank's progress in resolving issues at its consumer unit. It's the second time BaFin has taken the unusual step since Christian Sewing became CEO in 2018.
Bowman doubles down on call for outside review of SVB failure
The Federal Reserve governor said existing reports, including one published by the Fed's inspector general last week, were too limited in scope.