The Federal Reserve has withdrawn from the Network of Central Banks and Supervisors for Greening the Financial System, a global network focused on climate risk, just days before President-elect Donald J. Trump returns to power. The decision to leave the network came after the group’s work broadened, covering issues outside the Fed’s statutory mandate. Fed Chair Jerome H. Powell was among the five members of the Board of Governors who voted to withdraw, citing concerns about the impact of the network’s recommendations on access to capital for crucial industries.
Full Article
Live Oak Posts Q2 Revenue Beat
Live Oak Bancshares (NYSE:LOB) reported Q2 2025 earnings on July 23, highlighting record loan production and deposit growth, resulting in total revenue of $143.7 million and EPS of $0.51, both surpassing analyst expectations. The bank, focused on small business lending and government-backed loans, demonstrated strong top-line momentum and improved cost efficiency, despite a dip in year-over-year GAAP profits. Want More Context? 🔎
Read more