Editors' picks for the week include an article discussing analysts' expectations for big-bank earnings season, and a piece on the abrupt resignation of Jeffrey Lacker as president of the Federal Reserve Bank of Richmond.
Death of 'Trump trade' shifts focus to global reflation bets
Investors question the viability of the new U.S. president's business-friendly reforms, but data points to global growth.
Uncertainty in DC could darken big-bank earnings season
When big-bank earnings season gets rolling, analysts expect dueling story lines. There are the knowns — slower loan growth, rising interest rates, a more pro-business tone in Washington — and, conversely, the uncharted effects of those developments.
Lacker leak revelation sets up Fed for additional political pressure
The surprise resignation of Jeffrey Lacker, and the former Richmond Fed president admitting his role in an embarrassing leak of confidential information, is likely to reverberate through the bank for some time.
With Seaway failure, minority-owned institutions continue to dwindle
With the failure of Seaway Bank and Trust Co., Chicago has one less African-American-owned financial institution, and on a national scale, the number of African-American-owned banks and thrifts has fallen to 23.
Expansion strategies differ as field of membership opens up
As both state and federally chartered credit unions gain more latitude to expand their fields of membership, differing expansion strategies are emerging.