Banks
White House nominates new chiefs for bank, market regulators: Reuters
The entrance to the Consumer Financial Protection Bureau (CFPB) headquarters is seen during a protest on Feb. 10, 2025 in Washington, DC. Anna Moneymaker | Getty Images The White House plans to nominate Jonathan McKernan, a former member of the Federal Deposit Insurance Corporation, as full-time director of the Consumer Financial Protection Bureau, according to two sources familiar with […]
Read More
Zelle payments top $1 trillion in 2024 as network’s growth outpaces rivals including PayPal
Key Points Zelle crossed $1 trillion in total volumes last year, which it said was the most ever for a peer-to-peer platform. The payments network said its user base jumped 12% to 151 million accounts in 2024, and that the total dollars sent on the platform jumped 27% from the year earlier. Zelle was launched […]
Read More
Bank stocks set to do ‘pretty well’ under Trump 2.0, investor says, naming his favorites
Investment bank stocks are set to benefit from the Trump presidency, according to investor Kingsley Jones, who said it was time for financials to “step up.” Speaking to CNBC’s Martin Soong, the Australian investor struck a bullish tone on the outlook for stocks as U.S. President Donald Trump’s second term gets underway. “Wall Street, in […]
Read More
CFPB leaders for supervision, enforcement announce resignations after stop-work order
CFPB leaders for supervision, enforcement announce resignations after stop-work order Source
Read More
Italy’s UniCredit posts fourth-quarter profit beat, raises shareholder returns
Key Points Italy’s second-largest lender UniCredit on Tuesday posted a fourth-quarter profit beat, raising shareholder returns amid market focus on the bank’s M&A overtures. The bank upped its cash dividend pay-out guidance to 50% of net profit in 2025, from 40% in 2024. CEO Andrea Orcel said UniCredit was progressing onto the next phase of […]
Read More
Canada’s TD Bank to exit Charles Schwab stake worth $15.4 billion
A pedestrian walks by a Charles Schwab office on November 25, 2019 in San Francisco, California. Justin Sullivan | Getty Images Toronto-Dominion Bank announced on Monday it will exit from the 10.1% stake it has in financial services firm Charles Schwab, as part of a strategic review undertaken by the Canadian lender following a landmark […]
Read More
U.S. tariffs and interest rate uncertainties make 2025 a “choppy year”: DBS CEO Piyush Gupta
Piyush Gupta, chief executive officer of DBS Group Holdings Ltd., during a news conference in Singapore, on Monday, Feb. 10, 2025. DBS shares jumped after the lender reported earnings that met expectations and unveiled a investor payout plan. Bloomberg | Bloomberg | Getty Images After a sterling 2024 when Singapore’s biggest bank by assets booked […]
Read More
Consumer Financial Protection Bureau staff told to work remotely as headquarters is shuttered
Office of Management and Budget (OMB) Acting Director Russell Vought speaks with reporters during a press briefing at the White House in Washington, U.S., March 11, 2019. Jonathan Ernst | Reuters Consumer Financial Protection Bureau employees were told Sunday to work remotely because their Washington, D.C., headquarters would be closed through Feb. 14, according to […]
Read More
Trump’s acting Consumer Financial Protection Bureau chief halts all supervision of companies
Russell Vought, President-elect Donald Trump’s pick to be director of the Office of Management and Budget, arrives for a meeting at the office of Sen. Chuck Grassley, R-Iowa, in Hart building on Monday, December 16, 2024. Tom Williams | Cq-roll Call, Inc. | Getty Images Russell Vought, President Donald Trump’s newly installed head of the […]
Read More
Trump 2.0 may create powerful tailwinds for two vastly different groups: big banks and small caps
ETF Edge Trump 2.0 may create powerful tailwinds for two vastly different groups: big banks and small caps Published Sat, Feb 8 202511:00 AM EST WATCH LIVE Source
Read More