This week's most-read content includes a feature on the closure of bank branches and a Data Dispatch on net interest margin in U.S. banks' earnings.
15 senators join in bipartisan push to delay 'disruptive' accounting rule CECL
A bipartisan group of 15 U.S. senators are pushing bank regulators to delay an important accounting standard set to go into effect for many institutions in early 2020.
BB&T slashes 83 branches in April
Over the last 12 months, U.S. banks and thrifts have closed 3,071 branches and opened 1,007. As of April 30, there were 87,028 active branches in the U.S.
Severe enforcement actions climb YOY in Q1'19
During the first quarter, eight severe enforcement actions were handed out to U.S. banks and thrifts by federal banking regulators, compared to six in the year-ago quarter.
All eyes on NIM in US banks' earnings
The nation's 15 largest public banks by asset size all reported a linked-quarter decline in net interest margin in the first quarter.
After dropping $2B in M&A, Virtu Financial enters its next act
As one of Wall Street's fastest and biggest trading shops, Virtu Financial Inc. spent its first decade making a name for itself through the high-speed technologies and complex algorithms it uses to trade its own money around the world.