House GOP doubts grow as Johnson digs in on funding fight: ‘Playing with a government shutdown’
Speaker Mike Johnson, R-La., is plowing full steam ahead on his plan to avert a partial government shutdown at the end of the month, despite growing uneasiness within the House GOP. Johnson’s plan involves a six-month extension of the current fiscal
Rep. Barr floats bill to limit regulators’ freedom to join global groups
A bill from Rep. Andy Barr, chairman of the House Financial Services Subcommittee on Financial Institutions and Monetary Policy, would make it harder for regulators to enter into international regulatory agreements like Basel III.
Bowman critiques stress tests for volatility, duplicity and opacity
Federal Reserve Governor Michelle Bowman called for reforms to reduce volatility, increase transparency and address overlaps in stress tests and capital requirements for banks.
JPMorgan shares fall after it reins in expectations for next year
The largest U.S. bank will likely record lower net interest income and higher expenses in 2025 than Wall Street had forecast, a top executive said Tuesday.
KeyBank launching AI copilot to help dentists drowning in paperwork
The bank has partnered with a fintech, Zentist, to give dentists a system that automates insurance and billing processes.
Lawyer defending Google in DOJ case prepping Harris for debate is ‘conflict of interest,’ Jordan investigates
The House Judiciary Committee is requesting a briefing from the Justice Department on how it is working to combat ‘potential conflicts of interest and political bias’ in its lawsuit against Google, amid reports that the Big Tech giant’s lead
US and Iraqi officials drawing up plan that could see American troops pulling out as soon as next year
Washington and Baghdad are working on a plan to draw down the U.S. troop presence in Iraq as soon as next year. The U.S. and Iraq have reached an ‘understanding’ on plans to have hundreds of U.S. troops leave Iraq by
A look back at Trump’s past debates
Vice President Kamala Harris and former President Donald Trump are set to face off in their first presidential debate, and the stakes could not be higher. Harris has erased Trump’s comfortable lead in the polls, setting up a razor-thin election
Camden National to acquire New Hampshire bank in all-stock deal
The Maine-based bank's bid for Northway Financial was valued at $86.6 million. It is expected to be finalized in the first quarter of 2025.
Basel III isn’t about SVB anymore, and it never should have been
In his reset of the Basel III endgame proposal outlined Tuesday, Federal Reserve Vice Chair of Supervision Michael Barr deemphasized the connection between last year's bank failures and raising capital. That makes a world of sense.