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The Federal Reserve Thursday issued an enforcement action barring Renee Nicole Brown from the banking industry after she pleaded guilty to embezzling roughly $246,000 from teller cash dispensers over the course of a year.

Freddie's 30-year hit 7.03%, first above 7% since Jan. 2025, as 10-year yield tops 5.1%. ARM share jumped to 9.8%; lenders should pitch ARMs to keep payment-sensitive buyers.

Senate Democrats, led by Senate Banking Committee ranking member Elizabeth Warren, D-Mass., reintroduced a bill meant to solidify the debt liability between private equity firms and their portfolio companies, among other changes.

The leak has gripped Asia's investment banking industry this week after one of Morgan Stanley's top bankers accidentally sent an email to some clients containing a list of more than 100 deals the Wall Street firm was working on and monitoring.

The President of the Federal Reserve Bank of New York Thursday morning said that another rate hike by the end of the year would be a "reasonable" expectation, depending on how economic indicators come in over the coming months.

Crypto is entering its "institutional era" as tokenized assets and stablecoins gain wider adoptions. The trade-off is that only companies that offer real utility to established institutions in the market are likely to survive.

Gas prices are rising as a large swath of consumers are already under pressure, which could eventually affect demand for credit.

The share of American households considered "financially vulnerable" rose to 17%, the highest level since at least 2018, according to the nonprofit Financial Health Network.

The bank was determined, by multiple industry rankings and experts, to be the best mobile banking provider in the U.S.. Bank of America took second place.

Succession planning experts say that the possible next generation of RIA owners need clear communication, tangible career paths and thoughtful compensation plans. But that is often easier said than done.

The move came 12 days after Canada's bank regulator said tokenized deposits are not legally distinct from ordinary deposits.

Bank of America, Capital One and other large banks have teamed up to publish a set of principles for agentic commerce. But the call for a set of standards from banks comes as other fintechs and payment companies are already forging ahead with the technology.

WestStar Bank of El Paso is acquiring Albuquerque's Southwest Capital Bank, bringing it six new branches in New Mexico.

The U.S. economy is expected to keep growing despite nagging inflation, according to the latest consensus report from the American Bankers Association's Economic Advisory Committee.

As the payment company looks for new ways to drive volume, it's using the social media company's personal artificial intelligence to aid shopping and checkout.