Finance USA
- Banking
TD, BMO push back their timelines for closing M&A deals
As TD Bank Group and BMO Financial Group both continue to await regulatory approval for their pending purchases of American…
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Fintechs’ lax oversight enabled PPP fraud, report says
Financial technology companies that distributed Paycheck Protection Program loans often employed lax oversight that allowed fraudsters or ineligible individuals to…
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Interest rates, climate change, crypto are top concerns for New York Fed supervisors
NEW YORK — Economic uncertainty, climate change and cryptocurrencies are the three biggest risks facing the banking system, the Federal…
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Biden bid to restore student debt relief rejected by court
The Biden administration’s student loan forgiveness plan remains stalled, after the 5th U.S. Circuit Court of Appeals refused to lift…
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UK banks told to break ‘class ceiling’ with new targets to boost diversity among senior hires
The U.K.’s financial services sector has been issued new targets for at least half of senior leaders to come from…
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To spur growth, Colorado community bank hires from bigger banks
InBankshares is building a management team that would normally be suited to run a bank at least 10 times its…
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Klarna says it expects to post a profit — in the second half of 2023
Klarna’s financial performance approaching the end of 2022 is a mixed bag, as the buy now/pay later lender has suffered…
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Senate Banking chair calls for crypto legislation, asks regulators to weigh in
WASHINGTON — Sen. Sherrod Brown, chair of the Senate Banking Committee, wants to see legislation that would put cryptocurrency activities…
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UBS backtracks on CEO’s plan to reach wider swath of wealthy U.S. clients
UBS Group Chairman Colm Kelleher said the bank will focus on the very richest US clients, backtracking from a plan…
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Banks want to serve all Americans. Regulators ought to help them.
While prognosticators take stock of the midterm election outcomes, considering what factors motivated voters and the implications of a closely…
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