Daily Brief · November 5, 2026
Wyden vows Epstein scrutiny of JPMorgan, Bank of America, Deutsche Bank
The incoming Senate Finance chair plans to use subpoena powers over banks’ handling of Epstein-related transfers. Democrats’ Senate victory is expected to bring broader hearings on banks and crypto businesses, American Banker reports.
SourceAmerican Banker
Credit
Consumer lenders report weaker loan performance and higher funding costs
The American Financial Services Association survey flags particular deterioration among subprime borrowers. The outlook remains negative through March, with softer loan demand adding to the pressure.
- Worsening business conditions
- >47%Q3 respondents
- Higher funding costs
- >63%Q3 respondents
SourceAmerican Banker
Farm lenders flag tighter profitability and persistent borrower liquidity pressure
Loan performance remains generally strong, but liquidity is lenders’ top concern for a fourth consecutive year. The American Bankers Association–Farmer Mac survey links higher credit demand to tighter margins and elevated input costs.
- Tighter farm profitability
- 75%surveyed lenders
- Unprofitable farm borrowers
- 40%2026 estimate
SourceABA Banking Journal
Also today
- LOB Live Oak priced a $100 million preferred-share offering with an 8.75% annual dividend rate.Stock Titan
- California voters approved $25 billion in bonds to help eligible buyers purchase newly built homes.American Banker
- Berkeley voters opposed a public bank by 58%; San Francisco's governance measure trailed as counting continued.American Banker
- M&T named Brian Green chief investment officer for M&T Bank and Wilmington Trust.Yahoo Finance Australia