Banking's Summer of Slip-Ups

MORE FROM AMERICAN BANKER

Commercial banking

Warren Buffett reaffirms his preference for stocks over cash

The legendary investor expressed his inclination for equities even after selling large chunks of Berkshire Hathaway's investments in three major banks. "That preference won't change," Buffett wrote in his annual letter to shareholders.

By Catherine Leffert

February 22
Consumer banking

Miami's getting a new bank; Citi adds an accounting chief

FNB Corp marked the grand opening of its new downtown Pittsburgh headquarters this week. The bank owns and occupies the majority of the 26-story tower in the city's Hill District, a new addition to the city's skyline and one of the few new towers built in the city's business district in recent years. And long-time bank executive Robert Goldstein has died at 84.

By Editorial Staff

February 21
Trump administration

OCC fires 76 as part of Trump's government workforce reduction

The Office of the Comptroller of the Currency is the latest federal banking agency to let go of probationary employees.

By Kyle Campbell

February 21
Cryptocurrency

Nearly $1.5 billion in tokens lost in Bybit crypto exchange hack

The heist is among the largest ever experienced by the crypto industry and highlights concerns many have over the need for better regulation.

By Emma Kinery

February 21
Cyber attacks

Pro-Russia hackers target Italian banks in apparent DDoS attack

The hacker group NoName057 claimed responsibility for DDoS attacks on major Italian banks, citing President Mattarella's remarks on Russia's invasion of Ukraine.

By Carter Pape

February 21
Bitcoin

Cathie Wood is OK with the 'wall of worry' around bitcoin

The Ark Invest founder said the fluctuation in the crypto market is healthy. "Bitcoin's in a four-year cycle and we're through a little more than half of it," Wood said.

By Emma Kinery

February 21