UPDATE: This story now includes quotes from M&T’s chief financial officer and commentary from an analyst who covers the bank. M&T Bank outperformed second-quarter expectations, driven by a spike in noninterest income. Noninterest income at the Buffalo, New York-based company rose by 17% in the second quarter compared with the same period a year ago. […]
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A coalition of 20 state attorneys general have filed a lawsuit against the Federal Emergency Management Agency over its plan to shut down a major disaster mitigation program, arguing the move is illegal and puts communities at risk amid growing climate threats. The suit, filed in the U.S. District Court for Massachusetts, argues that the
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Adobe Stock Federal regulators have formally begun the process of nullifying their 2023 update to implementing regulations for the Community Reinvestment Act, a Civil Rights-era anti-redlining law that requires banks to invest in the communities they serve. The Federal Reserve Board, Federal Deposit Insurance Corp. and Office of the Comptroller of the Currency issued a
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