“House Passes Trump’s ‘Big, Beautiful Bill’ in Marathon Overnight Session”
President Trump’s sweeping tax bill passed the House by a single vote after Speaker Mike Johnson and other party leaders made a series of last-minute amendments to unite Republican moderates and fiscal hawks. The legislation now heads to the Senate, where the path to victory is complicated despite only needing a simple majority to pass.
While the passage was a big win for Johnson and Republicans, Wall Street is growing increasingly concerned about the bill’s tax cuts and spending increases, which are expected to increase the deficit. Bond yields were already rising after Moody’s downgraded the U.S.’ credit rating last week, with economist Ed Yardeni warning of a “bond vigilante” revolt if spending proves too excessive.
“FDIC Eyes Change in Reserve Ratio Calculation”
FDIC acting Chair Travis Hill suggested the FDIC should rethink how it calculates the reserve ratio for the Deposit Insurance Fund, proposing assessing banks on total liabilities rather than insured deposits.
From Hot Money to Core Deposits: How Serving Savers Can Power CDs”
Financial institutions that offer personalized solutions and exceptional service to goal-oriented CD investors have a good chance of converting them into loyal, long-term clients, this article says.
“House Committee Advances Bank Supervisory Measures”
The HFSC approved several bills to expedite merger reviews, limit considerations of operational risk in bank exams, and impose timelines for supervisory determinations, among other measures.
“How Two Sellers Crafted the Best Deal for Their Bank”
Learn how two bank CEOs sold their institutions at attractive valuations by taking time to understand the market and build relationships with buyers. Also, read how banks should invest in infrastructure upgrades to bolster their valuations ahead of potential deals.
“Memecoin Mania, $TRUMP Style”
The $TRUMP token has become the center of the memecoin world despite rising political backlash, with lawmakers demanding transparency and calling for presidential-memecoin bans following a private dinner for top holders at President Trump’s golf club in Sterling, VA. A former crypto skeptic, Trump has become an ally to the industry amid looming stablecoin legislation.
“Protecting Banks from Sophisticated Fraud Without Stifling Growth”
Two TransUnion execs explain how banks can fight fraud and drive growth through enhanced data integration, organizational alignment, and artificial intelligence.
“House Follows Senate in Overturning OCC Merger Review Rule”
The House approved a joint resolution to repeal merger reforms finalized by the OCC last September after the Senate approved a companion measure earlier this month. It heads to the White House next, and assuming President Trump signs it, the OCC will be barred from issuing similar rules in the future.
“How Banks Can Build Revenue Engines from Customer Data”
To better compete with digital challengers, banks must anticipate—not just respond—to customer needs. This involves integrating data across channels, delivering tailored experiences through artificial intelligence, and reshaping internal structures.
“Jamie Dimon’s Would-Be Successors Audition for the Top Job at JPMorgan”
JPMorgan CEO Jamie Dimon plans to step down within the next five years. Potential successors include Marianne Lake, head of Chase Bank and its credit-card business, and Doug Petno and Troy Rohrbaugh, co-heads of the corporate and investment bank.
“SBA Targets Community Loan Program Expanded Under Biden”
The Small Business Administration is pausing its Community Advantage program due to a rise in troubled loans. Launched during the Obama administration and expanded during the Biden administration, the program supports entrepreneurs from disadvantaged social groups.