News & Insights
Unified feed: Brian's Banking Blog + editorial posts.
FinancialFitch Announces Downgrade of U.S. Credit Rating
Fitch downgrades the U.S. credit rating from AAA to AA+, citing rising economic worries, entitlement costs, and poor governance.
8/4/2023Read →
BanksPowell Clarifies Fed’s Role on Climate
"Federal Reserve Chair Jerome Powell explains the central bank's stance on addressing climate change and its implications."
bankingbanksus banks8/3/2023Read →
NewsPowell: ‘Long Way to Go’ in Fed’s Fight to Lower Inflation
Powell acknowledges the Fed's ongoing struggle to reduce inflation, emphasizing that there is still a long way to go in their efforts.
Federal Reserveinflationinterest rates8/3/2023Read →
BanksSEC Fines Goldman Sachs for Failure to Follow its Own ESG Policies
"Goldman Sachs fined by SEC for violating its own ESG policies, highlighting the importance of compliance in sustainable investing."
bankingbanksGoldman Sachs8/3/2023Read →
BanksJPMorgan Chase Plans Digital Bank in Germany
JPMorgan Chase announces its plans to launch a digital bank in Germany, expanding its banking services in the country's market.
digital bankingEUEuropean Union8/3/2023Read →
Brian's BlogInspire a movement? I'd choose Freedom!
Freedom to pursue passions, to cross borders, to start businesses. It’s an ambitious dream but the impact is immense.
bankingbanksculture8/3/2023Read →
BanksReport: UBS in Discussions for Credit Suisse Acquisition
UBS reportedly in central bank-orchestrated negotiations for possible acquisition of troubled Swiss bank, Credit Suisse.
acquisitionBlackRockcredit suisse8/2/2023Read →
BanksDOJ Announces $9M Redlining Settlement with OH Bank
DOJ reaches settlement with Park National Bank, over allegations that the OH bank engaged in illegal redlining lending discrimination.
Department of Justicedojlending discrimination8/2/2023Read →
BanksBill to Rein in IRS Powers Earns ABA, Chamber Support
The ABA and Chamber of Commerce have lent their support to a new bill aimed at limiting IRS powers to expand banking reporting requirements.
ABAAmerican Bankers AssociationChamber of Commerce8/2/2023Read →
BanksLA-Based Bank to Pay Largest Redlining Settlement Ever
"LA-based bank reaches historic redlining settlement, paying the largest amount to address discriminatory lending practices."
bankingbanksus banks8/2/2023Read →
Banks<strong>NYC Announces New Measures to Combat Banking Discrimination</strong>
NYC Banking Commission reveals plan to combat banking discrimination in banks that hold city fund deposits.
banking discriminationbanksEric Adams8/2/2023Read →
BanksBank Capital Rule Changes Proposed by U.S. Regulators
U.S. regulators announce public comment period for recently revealed new bank capital rule changes for the nation’s largest banks.
8/2/2023Read →