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Democratic lawmakers turned the stablecoin markup into a marathon event, leading off with amendments that would have addressed concerns about conflicts of interest between elected officials like President Donald Trump and stablecoin oversight.
After President Trump unveiled his plan to impose a minimum 10% tariff on all U.S. imports, fears of a recession intensified, and the KBW Nasdaq Bank Index tumbled by more than 8%.
Sen. Joni Ernst, R-Iowa, is pressing the Federal Deposit Insurance Corp. Inspector General Jennifer Fain for answers on whistleblower allegations of fraud, financial mismanagement, and retaliation at the agency's watchdog office.
The top five banks had a combined commercial real estate loan volume of more than $482 billion at the end of the fourth quarter.
Payments innovation under a second Trump Administration could be up to past and present payment technology executives, per new American Banker data.
The first year of Otting's tenure as the New York lender's CEO brought substantial change, but the job isn't done. His goal: to build a powerhouse, profitable regional bank.