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BNY Mellon Enters Digital Assets Arena as Interest Grows

BNY Mellon Enters Digital Assets Arena as Interest Grows

Development comes amid controversy over new digital banking licenses
Fed’s Quarles says stress testing innovations helped steer banks through Covid-19 crisis

Fed’s Quarles says stress testing innovations helped steer banks through Covid-19 crisis

In speech, Quarles said US bank capital levels increased last year
Wells Fargo sells $600bn fund arm to private equity firms

Wells Fargo sells $600bn fund arm to private equity firms

GTCR and Reverence Capital Partners are acquiring Wells Fargo Asset Management
PPP Delivers $140B in 2021 as Biden Prioritizes ‘Mom and Pop’ Businesses

PPP Delivers $140B in 2021 as Biden Prioritizes ‘Mom and Pop’ Businesses

Share of funding for businesses with fewer than 10 employees up 60% under Biden administration, SBA reports
First National Strikes Merger Agreement with The Bank of Fincastle

First National Strikes Merger Agreement with The Bank of Fincastle

Elsewhere, First Mid Bancshares has completed its acquisition of LINCO Bancshares
US Banks Resilient Despite Pandemic

US Banks Resilient Despite Pandemic

Research from the Federal Reserve noted profitability and capital positions improved in H2 2020
Bank of Hawaii Launches ‘Branch of Tomorrow’ Premises

Bank of Hawaii Launches ‘Branch of Tomorrow’ Premises

The bank is reopening revamped branches, while others are adding physical branches in face of online shift
Banking on Diversity initiative launched to target minority businesses

Banking on Diversity initiative launched to target minority businesses

BCT-Bank of Charles Town is the latest institution to address inequalities and improve corporate diversity
Regional, Community Banks Face Digital Challenges Post-Pandemic

Regional, Community Banks Face Digital Challenges Post-Pandemic

Greenwich Associates reports widening gap in digital investment between national and regional banks
ABA Urges OCC to Reverse ‘Ill-Considered’ Bank Approvals

ABA Urges OCC to Reverse ‘Ill-Considered’ Bank Approvals

Trade groups have raised concerns about the recent banking licences granted to Anchorage and Protego
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