Fifth Third and Comerica have merged, forming the ninth largest bank in the U.S.
Over the last year and a half, efforts have been underway to enhance the guest experience, particularly following the closure of Over-the-Rhine’s flagship restaurant in September. In a significant development, shareholders have approved a merger between Fifth Third Bancorp and Comerica, resulting in the Cincinnati bank acquiring its Dallas counterpart for over $10 billion. This […]
Chicago bank collapses, marking the first failure in the nation for 2026
Bank Failure in Chicago Marks First of 2026 On Friday, state regulators closed Metropolitan Capital Bank & Trust, marking the first bank closure in the U.S. for 2026 and the second in Chicago in recent years. The Illinois Department of Financial and Professional Regulation took action due to concerns over the bank’s financial stability. The […]
Gold and Silver fall as Trump’s choice for Fed Chair, Warsh, is seen as a way to maintain central bank independence.
Price Slides for Gold and Silver as Fed Chair Nomination Shifts Market Sentiment On July 13, 2022, Robin Kolbenbach, CEO of Algol Heraeus, showed one kilogram of silver and gold bars at the company’s factory in Mendrisio, Switzerland. Fast forward to today, and it appears that gold and silver prices have taken a tumble once […]
Nu Receives Conditional Approval for US National Bank Charter
Nu Obtains Conditional Approval for New National Bank in the U.S. Nu, a prominent player in the digital financial services sector, has received conditional approval from the Office of the Comptroller of the Currency (OCC) to set up a new national bank in the United States. This news was shared on January 29 through a […]
Deutsche Bank surpasses profit predictions in fourth-quarter results.
Deutsche Bank Reports Record Profits On Thursday, Deutsche Bank announced some impressive financial results, reporting record profits during the fourth quarter of 2025. The German bank’s financial report revealed that net income attributable to shareholders jumped by 1.3 times to 1 billion euros (around $1.56 billion) in just three months, surpassing analysts’ expectations of 1.12 […]
Central Bank Keeps Interest Rates Unchanged as Joblessness Remains Stable
Federal Reserve Keeps Interest Rates Steady The Federal Reserve decided to maintain interest rates in a 10-2 vote on Wednesday, indicating a pause in monetary easing and highlighting signs of stability in the labor market. The Federal Open Market Committee set the benchmark federal funds rate between 3.5% and 3.75%, after previously implementing three consecutive […]
Central bank maintains interest rates as DOJ investigates Powell amid Trump pressure
The Federal Reserve decided on Wednesday to keep interest rates steady, maintaining the range between 3.5% and 3.75%. This outcome, which some had anticipated, comes amid mounting pressure from President Trump and ongoing scrutiny over Fed Chairman Jerome Powell, who is facing a criminal investigation. At this first meeting of the year, the Fed made […]
Deutsche Bank searched as part of money laundering investigation
January 28, 2026January 28, 2026 Deutsche Bank branch raided in money laundering investigation This morning, police conducted raids at Deutsche Bank, Germany’s largest bank, in connection with a money laundering investigation. The operations occurred at the main office in Frankfurt and at a Berlin branch, just a day ahead of the bank’s anticipated release of […]
Bank of America announces it will equal Treasury’s $1,000 deposits in Trump accounts for staff.
Bank of America to Match Government Contribution for Child Savings Accounts In a memo shared with employees on Wednesday, Bank of America announced it will match the U.S. government’s $1,000 contribution to Trump’s new account for eligible staff members. The bank will also enable employees to contribute pre-tax funds to these child savings accounts directly […]
Bank of America Will Equal Government Support for Trump Accounts for Workers’ Kids
Bank of America Adopts Trump Administration’s Savings Initiative Bank of America is backing a major savings program initiated by the Trump administration. They’ve announced plans to match a $1,000 federal contribution to accounts for eligible employees’ children born between 2025 and 2028. The second-largest bank in the U.S. will also enable employees with children under […]