Bank of Hawaii has reached an agreement to acquire $22
Bank of Hawaii, the main banking unit of Pacific Century Financial
Richard Dahl, Bank of Hawaii's president, said the arrangement will
Compiled by James R. Kraus
A cohort of Democratic Senators on the Banking Committee expressed concern over the Department of Government Efficiency's ongoing efforts to cut Federal Deposit Insurance Corp. staff and contracts, saying they worried the efforts could weaken the nation's deposit insurer and expose sensitive bank data if improperly handled.
At a New York Fintech Week event, speakers urged fintechs to better understand the criminal mindset and to use artificial intelligence to detect and thwart fraud.
Federal Reserve Bank of Cleveland President Beth Hammack said the central bank should not let fears of money-market shakiness cause it to stop balance sheet runoff too soon.
The Raleigh, North Carolina-based company, which has been acquisitive in recent years, is more than halfway through a $3.6 billion share repurchase plan. Executives said it's currently the best way to return capital to shareholders, but mergers remain part of its long-term strategy.
The credit card issuer trimmed its outlook on revenue and average loan growth, but maintained its target for net loss rates against the backdrop of an otherwise solid quarter. The company also announced a new co-branded credit card with Crypto.com.
Credit unions are continuing to buy community banks, although at a slower pace than in 2024.
