The politics of Capital One's Discover deal; FDIC reverses Trump course on brokered deposits, ILCs

Capital One-Discover merger is getting a lot more political: Capital One's proposed deal to acquire Discover is being viewed by progressives as a test of how skeptical the administration really is about big bank mergers, while Republican lawmakers mostly support the deal.

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First Guaranty lays off 15% of workforce, cuts dividend in half: The Hammond, Louisiana, company, which announced changes to its business strategy, cut 71 jobs and reduced its dividend to 8 cents per share.

Women executives in banking and finance are invited to join us at our annual?Most Powerful Women in Banking Conference, October 22 and 23, 2024, in New York City.?

FDIC reverses course on Trump-era brokered deposits and ILC rules: The Federal Deposit Insurance Corp. issued proposals Tuesday that would reverse Trump-era rules on brokered deposits and tighten the agency's guidelines for approving applications to incorporate new industrial loan companies.

Today in?bank earnings: ?PayPal preps for new opportunities and threats from Apple Pay

Indiana's German American to enter Ohio with Heartland deal: The $330 million transaction announced late Monday would give the Jasper-based company a foothold in fast-growing Columbus, as well as in Cincinnati.

Read opinions in BankThink:

• FedNow might be the answer to check fraud, writes John Heltman
• The Home Loan banks are fulfilling the mission Congress gave them, writes Ryan Donovan