Banking and Finance News

Recent Developments:

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Thurs, Aug 27, 2026:

• US bank regulators to narrow enforcement focus to financial risks. Overhaul is part of a wider deregulatory push under the Trump administration - FT

Mon, Aug 17, 2025:

• Donald Trump’s deregulatory drive will cause another financial crisis

  This time won’t be different—except that institutions will be less well placed to limit the damage - Economist

Tues, Aug 11, 2026:

• The Trump administration on Tuesday finalized a rule exempting U.S. companies and individuals from reporting beneficial ownership information ​to the Treasury Department’s financial crimes unit, rolling back reporting requirements established under ‌a 2021 law aimed at combating illicit finance. - Reuters

Mon, Aug 10, 2026:

• Private-sector loan defaults hit record high - Semafor

Wed, Feb 25, 2026:

• Congressional Research Service examines how banks manage information in a manner that complies with three laws—the Bank Secrecy Act (P.L. 91-508), the Graham-Leach-Bliley Act (P.L. 106-102), and the Bank Service Company Act (P.L. 87-856)—particularly in light of increased partnership activity between banks and nonbank financial technology companies (fintechs). - CRS

Mon, Jan 26, 2026:

• Financial regulators spent the first year of President Donald Trump’s second term relaxing oversight of lenders and beginning to usher digital assets into the banking system. This year, there’s a bigger project underway: a major rewrite of rules put in place after the 2008 financial crisis. Treasury Undersecretary for Domestic Finance Jonathan McKernan told your Morning Money hosts that his department is seeking a “fundamental reset of financial regulation.” - Politico

Thurs, Jan 22, 2026:

• Big Plan for Fannie and Freddie I.P.O. in Flux as Trump Pushes Affordability. Six months after President Trump told Wall Street banks to prepare a swift stock offering, there is no firm plan for how to take the giant mortgage firms public. - NYT

Wed, Jan 14, 2026:

• Why Banks Are So Worried About a 10% Credit Card Rate Cap. President Trump revived a campaign promise to cap interest rates, but it is unclear how he would make that a reality. - NYT

Thurs, Dec 11, 2025:

• U.S. Treasury Secretary Scott Bessent is proposing to overhaul a regulatory panel–created in the wake of the 2008 global financial crisis–and monitors the nation’s financial stability, by advocating for looser regulations. – AP

Thurs, Nov 20, 2025:

• House Financial Services Chair French Hill is blocking a bipartisan Senate… proposal to include in the National Defense Authorization Act… a provision that would temporarily ban a central bank digital currency. – Politico

• U.S. Banks Shelve $20 Billion Bailout Plan for Argentina. Bankers are instead discussing a smaller, short-term facility to help Argentina make a roughly $4 billion debt payment in January – WSJ

Thurs, Oct 23, 2025:

• 101 Republicans to defend community finance program from Trump cuts. In a letter, lawmakers press the Trump administration to reverse its decision to fire all employees at the Community Development Financial Institutions Fund. – Politico

Thurs, Oct 9, 2025:

• First Brands Collapse Blindsides Wall Street, Exposing Cracks in a Hot Corner of Finance – Bloomberg

Sat, Aug 9, 2025:

• President Trump signed an executive order on Thursday that clears a path for plan managers to add private equity and other alternative assets to retirement savings accounts. – NYT

Thurs, June 26, 2025:

• The Fed unveiled plans to roll back an important capital rule that big banks say limits their ability to hold more Treasuries and act as intermediaries in the $29 trillion market. – Bloomberg

• It’s a window into the new era for financial regulators who are progressively losing their freedom to set policy without interference from the executive branch, particularly given signals out of the Supreme Court that it plans to further reduce that latitude. – Politico

Wed, June 25, 2025:

• Wall Street is poised to receive a big gift courtesy of the Federal Reserve. The central bank unveiled plans to roll back an important capital rule that big banks have complained limits their ability to hold more Treasuries and act as intermediaries in the $29 trillion market. The Fed board voted 5-2 on Wednesday to propose changes to what’s known as the enhanced supplementary leverage ratio, which applies to the largest US banks—like Bank of America, JPMorgan and Goldman Sachs. The revisions would reduce holding companies’ capital requirement under the ratio to a range of 3.5% to 4.5% from the current 5%. Their banking subsidiaries would see that requirement lowered to the same range from 6%. – Bloomberg