May 7, 2025
| Today’s news and insights for banking industry leaders
The Senate Banking Committee voted 13-11 along party lines to pass the nomination to the full chamber. A key Democrat reiterated her concerns over Bowman’s stance on tariffs, mergers and climate.
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Six of the locations are in Massachusetts, along with four each in New Jersey and Pennsylvania, two in New York and one each in New Hampshire and Rhode Island. The bank is leaning into its digital platform.
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The agency concluded its probe into the bank’s interest rate-related program. The bank still faces an investigation from a state regulator, though.
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Download the free 2025 RFI Guide to evaluate climate risk data providers with confidence and clarity. Ideal for banks, insurers and asset managers.
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Sens. Elizabeth Warren, D-MA, and Rick Scott, R-FL, faulted recently retired Fed IG Mark Bialek for failing to address central bank “corruption,” underscoring the need for “structural changes” to the role.
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The company disclosed Michael Lyons' promotion minutes after the Senate confirmed outgoing CEO Frank Bisignano to lead the Social Security Administration.
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“The growth of private credit tells me that the regulated banking system has been too tightly constrained,” Scott Bessent said Monday.
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Since the advent of ChatGPT, several banks are charging ahead to take primacy in harnessing the burgeoning technology. Explore the use cases of AI and ML in banking in this Trendline.
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