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Today: March 17, 2025
Today: March 17, 2025
Pete Schroeder

Pete Schroeder

Staff Writer

Latest From Pete Schroeder

Business|Economy|Finance|Political|US

Big bank deals stalled by Trump volatility even as officials signal deregulation

Big banks are holding off on acquisitions and staying cautious about the Trump administration's pledges to unleash dealmaking, according

Big bank deals stalled by Trump volatility even as officials signal deregulation
Business|Economy|Finance|Political|US

Senate approves Pulte for Fannie, Freddie regulator

The U.S.

Senate approves Pulte for Fannie, Freddie regulator
Business|Economy|Political|US

Trump to nominate Bowman for Fed's top bank cop, White House official says

U.S. President Donald Trump will nominate Federal Reserve Governor Michelle Bowman as vice chair for supervision as early as Wednesday, a White House official said.

Trump to nominate Bowman for Fed's top bank cop, White House official says
Business|Finance|Political|Technology|US

US regulator clears path for banks to engage in some crypto activities

The U.S. regulator overseeing national banks clarified Friday that banks can engage in some crypto activities, and removed expectations firms should receive

US regulator clears path for banks to engage in some crypto activities
Business|Political|US

Trump pick to lead consumer bureau clears key Senate hurdle

A Senate banking panel voted on Thursday to advance President Donald Trump's nomination of former regulator Jonathan McKernan to lead the

Trump pick to lead consumer bureau clears key Senate hurdle
Business|Economy|Finance|Political|US

FDIC moves to roll back merger policy that scrutinized larger deals

The Federal Deposit Insurance Corporation's board of directors approved a proposal Monday to roll back a Biden-era policy that ramped up the scrutiny of large bank mergers

FDIC moves to roll back merger policy that scrutinized larger deals
Economy|Finance|Political|US

US Senate panel presses consumer watchdog pick over agency stoppage

President Donald Trump's pick to oversee a consumer watchdog faced a grilling from Democrats in the U.S.

US Senate panel presses consumer watchdog pick over agency stoppage
Business|Economy|Finance|US

US bank profits climb as regulator adjusts 'problem bank' tracking

U.S. banking sector profits rose 2.3% to $66.8 billion in the fourth quarter of 2024, a bank regulator reported on Tuesday, as it also announced moves to

US bank profits climb as regulator adjusts 'problem bank' tracking
Political|US

Trump says Dan Bongino to be FBI deputy director

President Donald Trump said in a post on social media Sunday that Dan Bongino, a conservative talk show host, will be deputy director of the FBI.

Trump says Dan Bongino to be FBI deputy director
Business|Economy|Finance|Political|US

US financial regulator OCC joins other agencies in firing staff

The U.S. regulator charged with monitoring large national banks told staff on Friday it was firing 76 probationary employees, making it

US financial regulator OCC joins other agencies in firing staff
Business|Economy|Finance|Political|US

Fed's Barr, stepping down from regulatory post, warns against weaker bank rules

The Federal Reserve's top regulatory official cautioned Thursday against a weakening of bank rules and oversight that could make firms vulnerable to surprise

Fed's Barr, stepping down from regulatory post, warns against weaker bank rules
Business|Economy|Political|Technology|US

Trump, Musk target tax enforcers, rocket scientists, bank regulators for job cuts

President Donald Trump's administration targeted on Tuesday bank regulators, rocket scientists and tax enforcers

Trump, Musk target tax enforcers, rocket scientists, bank regulators for job cuts
Business|Economy|Political|US

FDIC fires new employees as part of broader government layoffs

Several employees were fired from the Federal Deposit Insurance Corporation Monday evening, as the Trump administration continued its broader efforts to shrink

FDIC fires new employees as part of broader government layoffs
Business|Economy|Finance|Political|US

US consumer watchdog broadens layoffs beyond probationary staff, sources say

A new category of employees at the U.S.

US consumer watchdog broadens layoffs beyond probationary staff, sources say
Business|Economy|Finance|Political|US

Financial firms hated US consumer watchdog, but rapid unraveling creates limbo

At a JPMorgan townhall meeting on Wednesday, CEO Jamie Dimon was asked whether the Trump administration's decision to

Financial firms hated US consumer watchdog, but rapid unraveling creates limbo
Business|Finance|Political|US

White House nominates new chiefs for bank, market regulators

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

White House nominates new chiefs for bank, market regulators
Business|Economy|Finance|Stock Markets|US

Fed releases 2025 bank stress test scenarios

The Federal Reserve announced on Wednesday it would be testing big banks against heightened stress in commercial and residential real estate markets as part of

Fed releases 2025 bank stress test scenarios
Business|Economy|Finance|Political|US

US Senate panel investigates whether banks, regulators deny services on political grounds

U.S. banks and their regulators were scrutinized on Wednesday by lawmakers as they examined claims that they deny services to particular industries or political

US Senate panel investigates whether banks, regulators deny services on political grounds
Business|Economy|Finance|US

Fed ends two regulatory punishments imposed on Wells Fargo in 2011

The Federal Reserve announced on Tuesday it had terminated a pair of enforcement actions imposed on Wells Fargo in 2011, but said the bank's asset

Fed ends two regulatory punishments imposed on Wells Fargo in 2011
Business|Economy|Political|Technology|US

Trump orders creation of US sovereign wealth fund, says it could buy TikTok

U.S.

Trump orders creation of US sovereign wealth fund, says it could buy TikTok
Business|Finance|Political|US

BofA, JPMorgan to lobby White House, Congress after conservative criticism

Bank of America and JPMorgan are set to lobby the White House and Congress to defend themselves from accusations by President Donald

BofA, JPMorgan to lobby White House, Congress after conservative criticism
Business|Finance|Political|US

Trump appoints Travis Hill as FDIC acting chair, White House says

Newly sworn-in President Donald Trump on Monday appointed Federal Deposit Insurance Corporation vice chair Travis Hill to lead the agency on an acting basis,

Trump appoints Travis Hill as FDIC acting chair, White House says
Business|Economy|Environment|Finance|Political|US

Federal Reserve withdraws from global regulatory climate change group

The U.S.

Federal Reserve withdraws from global regulatory climate change group
Business|Economy|Finance|US

US consumer bureau fines Equifax $15 million over handling of consumer disputes

The U.S.

US consumer bureau fines Equifax $15 million over handling of consumer disputes
Business|Economy|Finance|Political|US

Wall Street banks sense opportunity for looser capital rules as Trump ushers in new era

Emboldened by a friendlier incoming Trump administration and their success last year in weakening draft capital hikes, big U.S. banks plan to push to overhaul

Wall Street banks sense opportunity for looser capital rules as Trump ushers in new era

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