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.
How payment firms are responding to CFPB pressure
As the Consumer Financial Protection Bureau increases scrutiny of earned wage access, cash back fees and airline rewards, industry lobbyists are pushing back, while some groups cheer the move.
Regulators ready to narrow scope, lower capital in Basel III re-proposal
Federal Reserve Vice Chair for Supervision Michael Barr outlined the changes he and other regulators would like to see to the capital reform plan, including largely excluding banks with less than $250 billion of assets.
Chopra: Technology may cut both ways as refinancing returns
Consumer Financial Protection Bureau Director Rohit Chopra will be looking at whether automation accommodates or undermines potential savings from refinancing.
Freddie Mac names Diana Reid as permanent CEO
The successor to Michael Hutchins, who filled the role on an interim basis, guided a well-known bank's real estate business through the financial crisis.
Ally’s stock drops 15% as its credit challenges grow
A top executive at the auto lender said that more borrowers struggled to repay their loans over the summer amid inflation and a tougher job market. Late payments on auto loans rose by more than Ally expected in July and
The FDIC should avoid a fact-free debate on brokered deposits
The agency's recent proposal to redefine "brokered deposits" requires a debate over the performance of different kinds of bank deposits. The problem is that the necessary data isn't available yet.
Bank of America raises minimum wage to $24 an hour
BofA is taking the next step toward a 7-year-old goal of paying $25 an hour by 2025.
Huntington to provide corporate mortgage asset financing
The bank has brought about mortgage industry veteran Ken Logan as senior managing director to head this new business line