Live Breaking News & Updates on Banking crisis 2023

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Banking news roundup

Discover Bank launches financial health fund, Cross River Bank climbs past real-time payment transaction benchmark, Webster funds financial education at youth-focused nonprofits and and more in this week's banking news roundup.

Cross-river-bank , Discover-bank , Consumer-banking , Banking-crisis-2023 , Real-time-payments , Industry-news , Health-and-wellness ,

Powell: Fed watching Treasury issuance, impact on balance sheet

The Federal Reserve chair said that as the Treasury replenishes its general account at the Fed, it will lead to fewer reserves in the banking system.

Washington , United-states , Jerome-powell , Treasury-department , Bloomberg , Market-committee , Federal-reserve , Federal-reserve-chair-jerome-powell , Federal-open-market-committee , Treasury-general-account , Regulation-and-compliance , Politics-and-policy

PacWest begins sale of $5.7 billion loan portfolio to Kennedy Wilson

PacWest Bancorp has completed the first part of the sale of a $5.7 billion loan portfolio to the real estate investment company Kennedy Wilson Holdings as the U.S. regional bank takes steps to shore up liquidity.

New-york , United-states , California , San-diego , Chicago , Illinois , Morgan-lieberman-bloomberg , Jonathan-goldstein , Matthew-rosenfeld , Paul-taylor , Kennedy-wilson , Pacwest-bancorp

JPMorgan grows even bigger as U.S. bank giants soak up assets

An analysis by S&P Global Market Intelligence shows that 37 of the 50 largest U.S. banks reported increases in total assets after a series of regional lender failures.

United-states , America , Zuhaib-gull , Herman-chan , Michael-nagle-bloomberg , Jamie-dimon , Gaby-villaluz , Sp-first-citizens-bancshares-inc , America-corp , Silicon-valley-bank , Jpmorgan-chase-co , Citigroup-inc

Republicans critical of Fed, Treasury policies

House Republicans are seizing on the debt ceiling crisis to hammer home criticisms of economic policy.

United-states , Andy-barr , Janet-yellen , Maxine-waters , Jeff-arkin , House-financial-services-committee , Federal-reserve , Exchange-stabilization-fund , Department-of-treasury , Government-accountability-office , Congressional-research-service , Strategic-issues-team

Community bank stocks mount relief rally

After shares dropped in the aftermath of recent failures, most banks demonstrated resilience and investors started to buy back into the sector.

Jacob-thompson , Robert-bolton , Federal-reserve , First-republic-bank-on , Signature-bank , Silicon-valley-bank , Nasdaq-bank-index , Bank-index , Iron-bay-capital , First-republic-bank , Samco-capital-markets , Community-banking

Regulators can relax. Open banking rules won't increase liquidity risk.

It would be a mistake for regulators in the U.S. and Canada to delay the rollout of rules supporting open banking. Fears of bank runs as a result of customer access to their own financial data are overblown.

United-states , Canada , America , American , Canadian , Valerii-evlakhov , Steve-boms , Technology-association-of-north-america , Consumer-financial-protection-bureau-section , Financial-data , Technology-association , North-american

The race for top bank management talent is about to heat up

If history is any guide, periods of disruption in the industry are followed by regulatory resets, which in turn force banks to compete for the talent needed to meet new compliance demands.

Minnesota , United-states , Polo-rocha , Robert-voth , Jamie-dimon , Tim-walz , Deposit-insurance-corp , Federal-deposit-insurance , Banking-index , Consumer-banking , Banking-crisis-2023 , Risk-management

JPMorgan Chase will close 21 First Republic branches by end of year

The locations being shuttered are spread across eight states, according to a spokesperson. JPMorgan took over 84 First Republic branches when it bought the failed San Francisco bank a month ago.

Reuters , First-republic-bank , First-republic , Republic-bank , Wall-street , New-york-based , San-francisco-based-first-republic , Industry-news , Banking-crisis-2023 , Jpmorgan-chase ,

5 takeaways from the banking crisis fallout

The banking crisis set in motion by the failure of three banks has the industry focusing once more on how to avoid the same scenario.

Silicon-valley-bank , Complimentary-access , Politics-and-policy , Regulation-and-compliance , Fintech , Risk-management , Growth-content , Banking-crisis-2023 ,

Live Breaking News & Updates on Banking crisis 2023

The banking crisis set in motion by the failure of three banks has the industry focusing once more on how to avoid the same scenario.Silicon-valley-bank , Complimentary-access , Politics-and-policy , Regulation-and-compliance , Fintech , Risk-management , Growth-content , Banking-crisis-2023 ,

The banking crisis set in motion by the failure of three banks has the industry focusing once more on how to avoid the same scenario.

Silicon-valley-bank , Complimentary-access , Politics-and-policy , Regulation-and-compliance , Fintech , Risk-management , Growth-content , Banking-crisis-2023 ,