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How USAA landed in regulators' hot seat | American Banker
Nov 21, 2024 · Amid steady customer growth, USAA's banking arm failed to make the investments necessary to satisfy either its regulators or some decades-long customers. Changes in the executive suite haven't fixed the problems.
First Foundation's new CEO has history of priming banks to sell
Nov 22, 2024 · In July, Fortress Investment Group led a $228 million capital infusion to provide some balance-sheet flexibility after an outsized exposure to long-term, fixed-rate multifamily loans put pressure on earnings as interest rates shot up.. The bank has since promised a laundry list of operational changes, including slimming down its commercial real estate book, building up …
The Most Powerful Women in Banking 2024: Top Teams
Oct 1, 2024 · As many regional banks retrench, Huntington Bancshares, the holding company for Huntington Bank has bet on new markets and verticals.Propelling this expansion are six women in the commercial bank. "It has not been an easy time in banking," said Karen Davies, executive managing director of specialty banking at Columbus, Ohio-based Huntington.
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.
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 ...
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.
Citi freed from an 11-year-old Fed enforcement action
Oct 1, 2024 · Another FDIC consent order related to Banamex USA followed in 2015. And two years later, Banamex USA agreed to pay $97.4 million to the Department of Justice over anti-money-laundering abuses tied to Mexico-bound remittances. While the action announced Tuesday by the Fed is a positive development for Citi, the New York megabank continues to work on meeting the requirements of a pair of consent ...
October 2024 - American Banker
22nd Annual THE MOST POWERFUL WOMEN IN BANKING. 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).
AB Resources - American Banker
Special reports, videos, podcasts, research, white papers & more resources about commercial banking & bank regulation in the U.S.