Bank of America plans to open up an office in New York for customers with more than $50 million in assets to invest, The American Banker said. Once the bank opens up its first ultra-high-net-worth office in New York it will open up more in Boston, San Francisco, Los Angeles, Chicago, Dallas and in Southern Florida, said Alan Rappaport, who heads the the Charlotte-based bank's wealth advisors group.
The Ohio bank said its 2027 earnings per share will be lower due to an accounting revision linked to its acquisition of Cadence Bank. But CEO Steve Steinour remains sold on Huntington's expansion plans, calling the Cadence deal a "home run transaction."
Houston developer Colony Ridge Development agreed to resolve allegations that it operated a bait-and-switch scheme targeting Hispanic immigrants that led to massive foreclosures.
JPMorganChase, Citi and Custodia are among the banks that have built digital asset projects on the Ethereum blockchain.
The district's appeals court let stand a May 2025 ruling that dismissed most of the D.C. Attorney General's claims against EarnIn in a major win for the firm and good news for fintechs looking for favorable regulatory treatment.
Delinquencies on credit-card debt mostly held steady at the end of last year, but certain groups of consumers are faring better than others.
Top takeaways from American Banker's 2026 Predictions report finds that midsize bankers push for app investments and are concerned about wire transfer fraud.
