The cryptocurrency exchange is the latest digital asset firm to receive a trust bank charter from the Office of the Comptroller of the Currency.
A TD Bank survey found a massive increase in the ranks of people who talk to ChatGPT about their finances. Ted Paris, the bank's head of AI, says banks still have an opportunity here.
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Banks must plan to support decentralized finance without disturbing their existing businesses. That's easier said than done.
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As bitcoin plays an ever-larger role in cross-border transactions, what remains to be seen is how prepared the various bodies overseeing global finance are to engage with an asset that operates largely beyond their ability to meaningfully control it.
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Australia's national Payments Systems Board has decided to remove surcharges on prepaid, debit and credit cards for electronic funds transfers, while lowering the cap on interchange fees. Also, Wells Fargo is seeking banks for its international payment network, and more in American Banker's global payments and fintech roundup.
Research, insights and data on how banks and financial institutions are using AI can now be found in a new location on American Banker.
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Goldman Sachs Chief Legal Officer Kathryn Ruemmler received an 11% pay hike last year, bringing her total compensation to $25 million; U.S. Bank promoted Toby Clements to chief operations officer; Klarna is expanding its forward-flow and whole-loan sale deal with Elliot Investment Management to $2 billion; and more in this week's banking news roundup.
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The Apollo Group, a six-person team in New York, is the latest to show that former First Republic advisors are still not completely settled at JPMorgan.
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Swiss banking giant UBS Group received federal approval from the Office of the Comptroller of the Currency to convert its $1.6 trillion-asset UBS Bank USA from a Utah-chartered industrial bank to a national charter.
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Which parties are responsible for the surge persisted as a source of debate as community lenders released updated survey data reflecting their average expense.
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The 30-year fixed rate climbed to 6.46% this week, its highest mark since September, as mortgage applications fell 10.4% and sellers outnumber buyers by a record 46%.
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Recent double-pledging scandals in auto lending and the U.K. put U.S. mortgage lenders on alert. Here's what to watch and how MERS, e-notes and electronic vaults can help.
Alessandro DiNello, who served as Flagstar's executive chairman in 2024, said he's leaving in order to enjoy his retirement. Meanwhile, a lawsuit accusing him of various wrongdoings is still pending.
The Department of Justice is seeking court approval to immediately fire more than 600 employees, slashing the CFPB's workforce by 53%.
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Prediction markets are a problem not just for banks, but also for banks' human resources departments; plus, the new Basel framework may end up recreating the environment it was intended to prevent.
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A former federal housing regulator warns that U.S. banks are not engaging with the real and growing risks that climate change is creating in their existing mortgage portfolios. The consequences of inaction could be punishing.
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Quantum computers are one dire threat for cryptos, but public disinterest is a bigger one.
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Nearly 18 million homeowners in the 100 largest U.S. metros paid HOA or condo fees in 2024, with 2.6 million paying $500 or more monthly, according to a new LendingTree report.
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Recurring payments for stuff like streaming content can get lost in the shuffle, creating an opportunity for the big card brands.
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While San Francisco had the biggest improvement in affordability for prices today versus 2019, Hartford remains in a very deep freeze, First American said.
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The regulator argues the plans were costly, too theoretical and ineffective, eliminating the financial crisis-era requirement as part of the Trump Administration's deregulatory push.
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Thomas Owens, Trustmark's current chief financial officer, will take over as chief operating officer on May 1. The COO position has historically been a pathway to the top job at the Jackson, Mississippi-based bank.
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