MADISON, Wis.-The National Credit Union Foundation (NCUF) has activated the online disaster relief system CUAid.coop to raise money for credit unions and their members people by recent tornadoes in the Southern U.S. Credit card and wire transfer donations can be made at www.cuaid.coop.
The bank's decision to transfer two of its exchange-traded funds to the Texas Stock Exchange is an effort to better align the funds with their investment thesis, the bank said.
The U.S. Court of Appeals for the 8th Circuit is set to decide whether a lower court's decision that found the Federal Reserve mispriced debit interchange limits in the Durbin Act stands. Analysts say the battle will pressure banks toward faster payment options.
Brent Reston will serve as BMO Financial Group's inaugural chief digital officer; LCNB Corp. appoints Susan Zaunbrecher to its board; HSBC and Standard Chartered complete a bank-to-bank tokenized deposit transaction on Swift's blockchain-based ledger; and more in this week's banking news roundup
The bank has invested in Payload, a company that has grown quickly selling new processing technology to real estate companies, with plans to expand into other industries with multiparty transactions.
Correspondent banking has been around since the 14th century, when Italian merchant-banking houses used a network of partner banks and agents to settle trade debts without physically shipping coins, and has since become vital infrastructure to facilitate global payments. Today, digital assets are challenging some of the economics that have supported correspondent banking.
This was the second acquisition Luminate's mortgage arm has made since the start of 2025. The bank bought NJ Lenders Corp. in April of last year.
