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The stablecoin issuer and some of its backers are now offering 32 million shares at a price range of $27 to $28 each, suggesting strong investor demand for the stock.
June 2
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The 15 largest banks had an average NCO ratio of 0.66% in the first quarter.
June 2
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The Consumer Financial Protection Bureau and Bank Policy Institute filed twin motions for summary judgement to strike down a 2024 agency rule for being arbitrary and capricious and exceeding statutory authority.
June 2
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A new stablecoin bill threatens to balloon federal borrowing and increase the deficit, while a change to bank capital rules would vest the Treasury with power that should rest with the Federal Reserve.
June 2
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The question of when the CEO would retire and who might succeed him has hung over JPMorganChase for years.
June 2
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Using watches, wristbands and other accessories at the point of sale is set for a boom, pressuring financial institutions to develop a strategy for the banking tech.
June 2
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The Florida bank plans to buy Villages Bancorp for $710.8 million, marking its second in-state acquisition of 2025.
May 30
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The bank's head of self-directed investing reflects on how her career has progressed at Brown Brothers Harriman, Goldman Sachs and now J.P. Morgan.
May 30
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Maryland passes legislation to oversee the earned wage access industry; Truist Financial adds ex-Morgan Stanley Finance Chief Jonathan Pruzan to its board; The Citizens Bank agrees to buy a First Capital Bank branch in North Carolina; and more in this week's banking news roundup.
May 30
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The transaction comes as the megabank is determined to simplify its operating model and shed units that have slower growth prospects or aren't core to its business.
May 30
