Cap Markets

JPMorgan Chase dropped one rung on the Financial Stability Board’s annual rankings of systemically important banks to sit alongside Citigroup and HSBC Holdings as one of the world’s three most important banks.

Many small banks are reactivating repurchase programs, signaling that capital levels remain strong and credit issues are under control.

Temporary policy responses have mitigated problems in the short-term funding markets related to the pandemic, but permanent fixes may be necessary in some areas, the agency said in a report.

Integrity Bank for Business is being pursued by a group with ties to Heritage Bankshares, which was sold in 2016.

RockPoint Bank is on pace to open early next year. The announcement comes two weeks after Craft Bank became Atlanta's first new bank since 2010.

The bank said the move will give it more flexibility for raising capital.

Highlands Banking would be based in a community near the state's borders with Georgia and South Carolina.

Regulators said they will allow banks to deduct Treasury securities — a source of market volatility in the pandemic — from the net stable funding ratio on the same day they provided relief from auditing requirements.

Southern Bancorp in Arkansas, which raised $35 million in capital from private investors, is out to prove that community development financial institutions can deliver attractive returns and fulfill their missions to help the underserved.

On Jun. 30, 2020. Dollars in thousands.