PITTSBURGH – The Federal Home Loan bank of Pittsburgh said yesterday that losses on its mortgage-backed securities pushed net income for its second quarter down 40%, to $32.1 million, compared to the second quarter last year.
The Pittsburgh Bank, which reported a $23.6 million first quarter loss, attributed the lower second quarter earnings to a $39.3 million hit it took on its private-label MBSs and lower net interest income.
Ather Williams III, Wells Fargo's head of global payments and liquidity and wholesale digital, discussed the changing payments landscape and how banks can stay ahead during the keynote address at American Banker's Payments Forum 2026.
Dimon spoke Tuesday at an Anthropic event alongside Anthropic CEO Dario Amodei.
Sens. Thom Tillis, R-N.C., and Angela Alsobrooks, D-Md., said that they "agree to disagree" with bank lobbyists on their objections to their newly released stablecoin-yield provision.
Wells' latest advisor recruiting coup comes just days after it pulled over a 19-person team formerly managing nearly $6 billion at Morgan Stanley.
The GSEs' financials are strong but odds are against a short-term change to conservatorship that would give stockholders access to their profits, Mizuho said.
Brian Moynihan will continue to wear two hats, thanks to the support of almost 70% of Bank of America's shareholders.
