Titi Cole, a former executive at Citigroup, is now on the company's board of directors; Citizens Financial Group has formed a trust subsidiary as part of its wealth management and private bank expansion efforts; shareholders of Atlantic Union Bankshares and Sandy Spring Bancorp approved the two companies' planned merger; and more in this week's banking news roundup.

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American Banker is the essential resource for senior executives in banking and financial services, keeping its users updated on vital developments and focusing sharply on their most important concerns — innovation, transformation, and disruption; technology, regulation, and reform.

4 hours ago · Some in Washington are once again talking about reforming government-sponsored enterprises, or GSEs, Fannie Mae and Freddie Mac and finally removing them from federal conservatorship.Federal control of the mortgage lending giants was never meant to be permanent and smart reforms are warranted.

Jan 10, 2025 · Big banks continued to ride the investment banking comeback that boosted earnings in 2024 through the fourth quarter. After the rapid rise in interest rates stymied capital markets business, a pent-up appetite for raising capital helped boost income for giants like JPMorgan Chase, Wells Fargo and Bank of America.

4 days ago · In American Banker's research, nearly half of respondents expected acquisitions of traditional banks by credit unions to increase in 2025. In 2024, American Banker tracked a total of 21 acquisition deals where credit unions bought community banks, a number that doubled from the previous year where 11 such deals were made.. More than half of respondents in American Banker's survey said ...

10 hours ago · A survey of senior bank officers at community banks by fintech firm IntraFi found bankers nearly evenly divided on the idea of merging federal bank regulatory agencies, while an overwhelming 93% support maintaining agency independence.

Jan 15, 2025 · First Interstate's $49.3 million answer to a problematic loan. First Interstate Bancsystem in Billings, Montana, recorded a $49.3 million partial chargeoff in its loan to an unnamed distribution company this month, signaling the end of what was one of the largest — and most problematic — loans for the bank.

From Donald Trump to Gunjan Kedia, Jerome Powell to Jamie Dimon, here are the politicians, bankers, regulators, tech execs, lobbyists and lawyers who will impact the industry this year (plus Taylor Swift).

Dec 18, 2024 · This year, American Banker reporters dove deep into topics such as gambling addiction, Citigroup's rebuild, the Small Business Administration, fraud and monetary policy for its feature articles. Check out the most consequential articles of the year.