A wave of larger tax refunds is starting to land in U.S. bank accounts. Some strategists believe that cash could find its way into risk assets at a fragile moment for markets. Treasury Secretary Scott Bessent said on Feb. 13, “The average tax refund is 22% higher so far this season.” The larger refunds follow President Donald Trump signing the “One Big Beautiful Bill” into law in July 2025. The legislation extended and expanded several tax cuts, with the White House promoting the 2026 filing season as ...

Core Viewpoint - CNB Financial Corporation's wholly-owned subsidiary, CNB Bank, has become a state member bank regulated by the Federal Reserve, marking a significant milestone in its strategic growth and enhancing its regulatory framework [1][2]. Group 1: Regulatory Changes - CNB Bank became a state member bank of the Federal Reserve System effective February 12, 2026, while continuing to be regulated by the Pennsylvania Department of Banking and Securities [1]. - The transition to a state member bank is expected to provide a more efficient supervisory process for CNB Bank [2]. Group 2: Company Overview - CNB Financial Corporation has consolidated assets of approximately $8.4 billion and operates primarily through CNB Bank, which offers a full range of banking services [3]. - CNB Bank has a diverse operational structure with 79 offices across Pennsylvania, Ohio, New York, and Virginia, including various divisions such as ERIEBANK, FCBank, and Impressia Bank [3].

Morgan Stanley opened accounts for Jeffrey Epstein's trusts between 2015 and 2019, years after the financier was convicted and registered as a sex offender under a 2008 plea deal, documents released b... ...

据Axios：摩根大通计划在 2026 年新增 160 家分行。 来源：滚动播报 ...

Group 1: Bank Failures Overview - Metropolitan Capital Bank & Trust, based in Chicago, closed on January 30, 2026, marking the first failure of an FDIC-insured bank in that year, with total assets of $261.1 million and total deposits of $212.1 million as of September 2025 [1] - The bank's deposits, excluding certain brokered deposits, were assumed by First Independence Bank from Detroit [1] - In 2023, there were five bank failures, including notable institutions like Silicon Valley Bank and Signature Bank, which ended a streak of over 800 days without a bank failure [5] Group 2: Causes and Frequency of Bank Failures - Bank failures occur when a financial institution becomes insolvent, unable to cover customer deposits and debts, often due to mismanagement, economic factors, or criminal activity [2] - It is common for at least a few banks to fail each year, with historical data showing that years without bank failures are rare [6] - Since March 2023, there have been a total of 10 bank failures, with 2023 experiencing the highest number of failures in recent history [6] Group 3: Importance of FDIC Insurance - Depositors are encouraged to keep their funds in FDIC-insured banks to protect their money, as no depositor has lost FDIC-insured funds since 1933 [4] - It is crucial for depositors to ensure their balances are within FDIC insurance limits and guidelines to safeguard their funds [3] - The FDIC has been operational for 92 years, providing confidence to depositors regarding the safety of their money in the event of a bank failure [4]

Core Viewpoint - Muncy Columbia Financial Corporation announced the declaration of a regular quarterly cash dividend and a special one-time cash dividend on February 18, 2026 [1] Dividend Declaration - The Corporation's Board of Directors declared a regular quarterly cash dividend of $0.46 per share for the first quarter of 2026 [1]

JPMorgan Chase said Wednesday that it plans to open more than 160 new bank branches in over three dozen states—and renovate nearly 600 more—as part of a nationwide multibillion-dollar push for more affordable financial services. Most Read from Fast Company Those branches will include locations in rural and low- to moderate-income communities in the Northeast, the Southeast, the Midwest, and the Southwest—including in Massachusetts, Pennsylvania, North Carolina, South Carolina, Florida, Tennessee, and Kan ...

Several Federal Reserve officials anticipate further interest rate cuts if inflation were to drop, while others see holding rates for "some time," according to minutes of the central bank's January policy meeting released Wednesday. "Several commented that further downward adjustments to the target range for the federal funds rate would likely be appropriate if inflation were to decline in line with their expectations," the minutes read. Still others thought that more rate cuts may not be needed until ...

Wells Fargo has agreed to pay $56.85 million to settle a class‑action lawsuit that claims some customers’ credit scores were harmed during the COVID‑19 pandemic. The bank did not admit wrongdoing but agreed to the settlement after a lawsuit alleged it violated the Fair Credit Reporting Act by improperly reporting mortgage forbearances, which allows borrowers to pause or reduce payments during financial difficulty, according to legal news site Top Class Actions. The lawsuit alleged that during the early ...

Many short-term traders focus on the Federal Reserve's interest rate decisions. If the Fed cuts its benchmark rates, bond yields will fall, the financial conditions will ease, and more investors will take on debt and rotate back toward riskier investments. Those conditions could broadly lift the financial sector, which thrives on increased investments, trading, and loans. If you expect Kevin Warsh, the Trump Administration's nominee for the next Fed chair, to aggressively cut rates upon succeeding Jerome ...