Biden taps Goldsmith Romero to lead FDIC; banks ramp up branch sales as source of cash
American Banker
In-depth analysis, perspective and commentary on key issues affecting the banking industry.
Biden taps Goldsmith Romero to lead FDIC: President Joe Biden also nominated fellow Commodity Futures Trade Commission board member Kristin Johnson to a top bank regulatory post at the Treasury Department.
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The tech companies are building generative AI into the next generation of their smartphone operating systems.?
As high interest rates continue weighing on banks' balance sheets, some are selling branches to real estate firms and leasing them back. The strategy is helping lenders that want to restructure their underwater bond portfolios.
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The bank said it would reduce its physical footprint by nearly 15% as part of an effort to reduce overlapping operations, drive cost savings and meet profitability targets tied to its May acquisition of Lakeland Bancorp.
Consumer Financial Protection Bureau Director Rohit Chopra touted the bureau's work on data privacy and open banking, and asked that lawmakers on both sides of the aisle pursue legislation to further consumer protections.