The House Financial Services Committee's Republican majority backed slower funds availability and declined to shift authorized-scam losses onto banks.
The North Carolina-based bank plans to make additional monthly payments of $500 million-$1 billion to the Federal Deposit Insurance Corp., in order to reduce $35 billion of debt tied to its acquisition of the failed Silicon Valley Bank.
BNY's Robin Vince and Nubank's David Velez have joined the boards of the OpenAI Foundation and OpenAI Group Public Benefit Corporation; Old National Bancorp has revamped its top leadership teams; City National Bank appointed Lindsay Dunn executive vice president and head of personal and business banking; and more in this week's banking news roundup.
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How J.P. Morgan Payments is dealing with smart contracts and using a public blockchain.
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Much of the recent growth of the universal e-checkout system Click to Pay is taking place outside the U.S. Payment experts say there are steps banks can take to boost usage.
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A New York judge refused to dismiss Attorney General Letitia James's suit accusing Zelle's operator of enabling more than $1 billion in scams.
Following a recent approval by the European Central Bank, Banco Santander's pending acquisition of Webster Financial is expected to close before the end of 2026, executives said. There's been concern that the deal could get tangled up in tensions between the U.S. and Spain.
The Securities and Exchange Commission agreed to pay $150,000 to crypto exchange Coinbase to settle a Freedom of Information Act lawsuit filed by the company two years earlier.
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As governors prepare to designate new "opportunity zones," lenders and investors should take advantage of the chance to target capital to communities where it will both do good and generate strong returns.
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Banks can price in risk and manage their way around both left-wing and right-wing administrations. But the kind of uncertainty that arises from today's brand of politics is impossible to model.
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As the regulatory landscape for digital assets becomes clearer, it is vital that stablecoin reserves, custody and settlement services, and the provision of liquidity not be concentrated within a small number of companies.
There's been an onslaught of nonbank financial technology company charter applications and approvals already this year.
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Advisors can help clients to diversify their stock portfolios, maximize growth and defer taxes with this increasingly popular method for harvesting losses.
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Like many of its peers, the Chicago-based custody bank posted strong results thanks partly to the downstream effects of a strong initial-public-offering market.
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A Deloitte analysis shows that alternative allocations — to private equity, private credit and other vehicles — in DC plans could grow quickly.
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Originators need to keep an eye on the 10-year Treasury yield used in pricing mortgages, which not only broke through 4.6%, climbed above 4.7% on Thursday.
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House Republicans floated discussion legislative drafts aimed, in part, at strengthening the Federal Home Loan Banks' role providing liquidity to the financial system.
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Economists at the government-sponsored enterprise have been lowering their single-family origination volume estimates for several months.
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Staffers from the Federal Reserve Board and reserve banks took 'several months' to update bank supervisory marks after issues were resolved, a recent inspector general report found.
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More than half of Americans in their 40s are considered the "sandwich" generation, supporting both their aging parents and raising kids. Here is how financial advisors can support them.
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The payment network, which posts second-quarter results next week, noted localized boosts in payment volume near match sites in cities such as Boston, New York and Guadalajara.
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The planned acquisition of Finward Bancorp would bolster the Ohio bank's growing Chicago-area franchise, creating a platform big enough to support an organic buildout.
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A surge in bank charter approvals for fintechs and crypto firms creates new risks for sponsor banks.
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Structural change in banking is rarely defined by technology alone. Rather, leaders who know when to invest, where to modernize and which risks are worth taking are driving it.
National banks are committing billions of dollars to fund the construction. But there's room for smaller institutions and credit unions.
The 23rd annual ranking of women leaders in the banking industry.
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Partner insights from Dell Technologies with NVIDIA -
Partner insights from Dell Technologies with NVIDIA -
Partner insights from Dell Technologies with NVIDIA -
Partner Insights from Dell Technologies with NVIDIA
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Partner Insights from Strata -
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Partner Insights from RingCentral -
Partner Insights from RingCentral
