The Federal Reserve has approved an application from the Bank of Taiwan to open a branch in New York.
The $135 billion-asset company plans to use the branch to provide financing, syndicated lending and foreign-exchange trading, the Fed said in a press release Tuesday.
Other activities could include purchasing and holding securities and offering remittances, the release said.
A panel of federal appeals judges prohibited the Consumer Financial Protection Bureau from issuing any further reduction-in-force notices to employees until after it hears arguments on the case next month.
Supply-chain woes, inflation and skittish travelers are just a few of the tariff-driven factors pressuring PayPal, Visa and Mastercard during upcoming earnings calls.
The all-cash deal would solidify the $50 billion-asset regional bank's position in the fast-growing Lone Star State and offer double-digit earnings accretion.
The crypto asset platform is returning to the U.S. after leaving in 2022 amid regulatory friction.
In the megabank's latest sign of progress with regulators, it said that a 7-year-old CFPB order has been terminated.
Two Democratic members of the National Credit Union Administration board of directors are suing the Trump administration for wrongful dismissal, a suit that could have implications for the Federal Reserve and Federal Deposit Insurance Corp.
