The banking crisis' long shadow; why isn't anyone buying banks?

Podcast: The long shadow of the 2023 banking crisis : The failures of Silicon Valley Bank and Signature Bank sent a shockwave through the financial system. Even if the worst is behind us, the event will have enormous consequences for banking regulation and supervision for years to come.

Today in bank earnings: Truist takes cost-cutting actions as revenue outlook weakens ; American Express poised to fill any small-business lending void ; Zions predicts decline in net interest income as deposit costs rise ; Fifth Third's defensive moves helped shore up its deposits ; and more. Read all of our first-quarter bank earnings coverage here.

CFPB data breach sends shock waves through the financial industry : A former employee at the Consumer Financial Protection Bureau sent data on 256,000 consumers and dozens of companies to their personal email account.

Why is no one buying banks? The volume of bank acquisitions — either by credit unions or community banks — has dropped considerably so far in 2023. Experts, including prospective buyers, cite a combination of ongoing regulatory and economic pressures.

U.S. Chamber says new rules not needed after bank failures : The U.S. Chamber of Commerce said that calls for stronger regulation in the wake of March's bank failures were premature and baseless. The group also defended the 2018 deregulatory law and urged lawmakers to pump the brakes on new regulation until policymakers carefully review all facts.