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Fannie Mae and Freddie Mac's single-family updates include some roof coverage options somewhat similar to what's used in one of their other divisions.

Following similar glitches at Lloyds and the London Metal Exchange, a tech outage at UBS has renewed scrutiny on modern banking platforms.

Jurors determined that Aaron Luneke, the former chief financial officer of Bank of the Valley in Nebraska, obtained millions of dollars in loans — including from his own bank — by inflating contractor bills for a new car wash business.

Agentic AI commerce is under development at Visa, Mastercard, PayPal and other large payment organizations, and many of these will hit banks' servers. Are banks ready for the onslaught?

President Trump's executive order on mortgage credit calls on federal agencies to ease the path for eNotes, digital mortgages and remote notary, something lenders have been wrestling with for years.

Senate Banking Committee Chair Tim Scott, R-S.C., said Tuesday that he expects the committee to work out a compromise between banks and crypto firms on yield-like rewards — a major sticking point in a market structure bill — by Friday.

Federal Deposit Insurance Corp. Chair Travis Hill said in remarks Wednesday that privacy and know-your-customer gaps remain for banks that work with public, permissionless blockchains, and that the agency may need to clarify how banks can interact with them. 

The 2023 takeover of Credit Suisse boosted UBS's size but also saddled it with the challenge of integrating vast operations.

It won't be long before the ongoing closure of the Strait of Hormuz begins to make itself felt across various aspects of banks' balance sheets. If it's protracted, a new oil shock will force a major reassessment of asset values.

Banks that don't offer buy now/pay later risk pushing customers — especially younger ones — into fintechs' arms.