Jasmine Ni

Javier Ferrer, 64, said he is stepping down to focus on his health and spend time with friends and family. He plans to hand the reins to Chief Financial Officer Jorge Garcia.

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.

Two former mid-level employees at the Toronto-based bank received U.S. prison sentences for their roles in funneling nearly half a billion dollars through TD accounts.

Amid warnings that a future slowdown in AI capital spending could pose a systemic threat, executives at Regions Financial said they're preparing the same way they would for any other credit concentration.

Bank7 CEO Tom Travis told analysts the court-ordered auction for a 71% stake in Century Bank should open in August.

"Ultimately, adoption and embedding in a company is going to be the differentiator for many firms on whether or not they're successful with AI," said BNY CEO Robin Vince.

For the banks involved in the record-shattering IPO, this year's second quarter was marked by a spike in investment banking income.

A November ballot measure will ask voters whether to establish the nation's first municipal public bank. The harder question of how to capitalize such a bank is being left for later.

The nation's largest bank's fund for stablecoin issuers seeking GENIUS Act–compliant yield vehicles already has $700 million in assets.

With Robinhood Chain now live, the company is pushing into tokenized equities, stablecoin lending and international markets.

The bank deepened its relationship with Circle Internet Group, letting institutions store, transfer, mint and burn USDC.

The Kansas City bank plans to purchase St. Louis-based Nolan & Associates, adding to its investment banking advisory capabilities.

The $44 billion fintech also appointed a new CTO and head of engineering as it foregrounds artificial intelligence in strategic decision-making.

The Bureau of Economic Analysis' personal consumption expenditures inflation report for May showed that inflation had risen 4.1%, meeting elevated expectations and casting further doubt on the prospects of near-term interest rate cuts from the Federal Reserve.

The former New York governor will chair a new effort aimed at tokenizing financial products on chain and bringing 24/7 digital trading to NYSE-listed assets.

Anthropic's head of banking told New York Banking Summit attendees that the future is agents that operate autonomously alongside employees.

Chair Travis Hill said the Silicon Valley Bank failure showed banks can't always sell securities fast enough to cover deposit outflows, but acknowledged the "stigma problem" with discount window borrowing remains unsolved.

National Capital Bank, founded in 1889, and Old Dominion National Bank, founded in 2007, are combining with plans to take the merged entity public.

Federal prosecutors have sought records and account closure data from banks as the Trump administration continues to clash with the industry.

The bank's first institutional fundraising round brought its total funding to $222 million.