Financial institutions news from around the web: March 6 – 10, 2023

Financial Institutions Tax filing deadline reminder 

The Ohio Department of Taxation is reminding all financial institutions tax (FIT) practitioners and taxpayers that the second estimated tax payment for the 2023 FIT tax year is due by March 31, 2023. Visit www.tax.ohio.gov or contact the Department at 888.405.4039 with any questions regarding financial institutions tax. 

CFPB’s fate at stake in Supreme Court case 

The high court’s decision could set a precedent for future actions challenging everything the CFPB has done, said Scott Pearson, a partner in Manatt’s consumer financial services practice. 

5 business banking trends to watch in 2023 

The digital banking landscape is in a constant state of change. Financial institutions are preparing for a range of anticipated changes and trends that will impact the way they operate. Here are five key trends worth noting in the business banking world in 2023. 

Report: Banks remain stable amid economic turbulence 

In its semiannual Monetary Report to Congress, the Federal Reserve said risk-based capital ratios at banks declined “a touch” last year but remain well above regulatory requirements. Funding risks at domestic banks and broker-dealers remain low, and large banks continue to have ample liquidity.