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3 days ago · Read the latest on the banking & finance industries in the U.S. with award-winning analysis and in-depth reporting by American Banker.
FDIC chair Martin Gruenberg to step down in January
Nov 19, 2024 · Gruenberg's long tenure at the agency became the focus of Congressional Republicans in recent months after numerous allegations of sexual harassment and racial discrimination at the FDIC emerged in news reports and were later substantiated by an independent third-party review. Gruenberg said earlier this year that he would resign upon the confirmation of a successor, though even his political ...
American Banker Magazine
The mission of American Banker Magazine is to explore ideas. Our features, news articles, data, rankings and op-eds provide unique analysis of banking trends and strategies.
15 most recent bank failures - American Banker
Oct 24, 2024 · Since 2019, 15 banks have failed, with five banks failing in 2023 alone. On October 18, 2024, First National Bank of Linday's demise marked the second bank failure of the year. The collapse raised questions about whether the failure was caused by errors at the bank or by economic issues that could affect other institutions.
20 banks with the biggest commercial real estate loan portfolios
Jun 30, 2022 · The top five banks in our ranking had a combined commercial real estate portfolio of nearly half a billion dollars at the end of 2021. With several leaders growing by more than a third last year, others saw year-over-year increases of more than 120%. Scroll through to see which banks made the top 20 and how they fared in the 12 months ending in Dec. 31, 2021.
A complete guide to the CFPB's open banking rule
Oct 25, 2024 · Banks must share transactions, bills and more information. The data that data providers will need to make available to authorized third parties under the new rule must include at least 24 months of transaction information, account balances, information needed to initiate payments from certain accounts, terms and conditions (including fee schedules and interest rates), upcoming bill information ...
Mergers and acquisitions - American Banker
BNY announced expanded employee benefits and a boost in its minimum wage for all U.S.-based employees; Synovus has added former FIS executive Greg Montana to its executive board; National Bank Holdings sold off a fifth of its securities portfolio; and more in …
My Account - American Banker
From Donald Trump to Gunjan Kedia, Jerome Powell to Jamie Dimon, here are the politicians, bankers, regulators, tech execs, lobbyists and lawyers who will impact the industry this year (plus Taylor Swift).
Grasshopper Bank to acquire AAA Club savings bank
Oct 8, 2024 · The all-digital Grasshopper Bank, whose chairman and CEO is Michael Butler, will vault from $835 million of assets to $1.4 billion and gain a potential audience of 13 million Auto Club Group customers in 14 states. Joseph Richardson is president and CEO of Auto Club Group.
About us - American Banker
American Banker is the essential resource for senior executives in banking and financial services, keeping its users updated on vital developments and focusing sharply on their most important concerns — innovation, transformation, and disruption; technology, regulation, and reform.