How regional banks are doing now, a year after the crisis
American Banker
In-depth analysis, perspective and commentary on key issues affecting the banking industry.
A year after SVB went down, regional banks are not out of the woods: Midsize lenders have largely defied the most dire predictions following Silicon Valley Bank's demise. But the nation's largest banks still have structural advantages, and the regionals remain hampered by their real-estate heavy portfolios and the continuing impact of high interest rates.
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Lawmakers keep up pressure on regulators a year after SVB's fall: Sen. Bill Hagerty, R-Tenn., and Sen. Elizabeth Warren, D-Mass., sent separate letters to banking regulators on the anniversary of the failure of Silicon Valley Bank, with Hagerty questioning the Federal Deposit Insurance Corporation (FDIC) 's sale of Signature Bank's assets and Warren urging the regulators to tighten capital and liquidity requirements.
FDIC's Hill calls for more nuance in regulatory approach to digital assets: Federal Deposit Insurance Corp. Vice Chair Travis Hill Monday criticized his agency's lack of clarity on digital assets, warning that the current approach risks hindering U.S. influence in the global rollout of blockchain at banks.
Credit union to buy second bank, expand in Washington state: Sound Credit Union said it would acquire Washington Business Bank in a cash deal slated to close in the fourth quarter.
TD taps into iPhones for a leg up in merchant acquiring: TD is among the latest to support Tap to Pay, which allows clients to accept contactless payments on their personal smartphones. Through its investment in Autobooks, it enables others to do the same. (Complimentary access)
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