California's first Annual Credit Unions for Kids Wine Auction raised over $120,000 for eight children's hospitals in California. Held at the Ritz Carlton Hotel in Pasadena, the event drew 200 attendees from California, Oregon, Utah, and Washington. "Our goal for the auction was $100,000," says Tony Boutelle, event co-sponsor and CEO of Credit Union Direct Lending (CUDL) in Rancho Cucamonga, Calif. "We were amazed once we did our preliminary totals and realized we had raised $120,000." Auctioneers were Diana Dykstra CEO of San Francisco Fire CU, and Sarah Canepa Bang, CEO of Financial Service Centers Cooperative, Inc.
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A regulatory filing Wednesday sheds more light on how the megamerger came together. It also details the compensation arrangements for Comerica CEO Curtis Farmer, who will become Fifth Third's vice chair.
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The credit union fintech and core provider partnered to launch three new agentic AI-powered tools for credit unions that work with existing systems.
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As Standard Chartered boss Bill Winters says cash will soon fully give way to digital currency, Western Union, Worldline, Coinbase and Ripple entered separate collaborations to bring digital assets to wider audiences. That and more in the American Banker global payments and fintech roundup.
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At its first investor day in a decade and a half, the nation's second-largest bank pegged its guidance for return on tangible common equity at a slightly higher level than what it reported last quarter. Not all investors were impressed.
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Voters across the country swung hard to the left in yesterday's off-cycle elections, showing an acute interest on affordability issues ahead of the 2026 midterms.
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Despite record loan applications, Upstart's AI pulled back, causing a revenue miss and raising "incremental uncertainty" about its core underwriting model.
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