The Federal Home Loan Bank of New York said it has approved the highest first-quarter dividend rate in the Home Loan Bank System.
The New York bank said Thursday that its dividend rate rose 50 basis points from the fourth quarter, to 7.5%.
The cash dividend, worth about $67 million, will be distributed April 30.
The digital bank slashed its share volume and pricing the day before its public debut and following a mixed U.S. public debut for fellow Brazil fintech PicPay.
The Ohio bank said its 2027 earnings per share will be lower due to an accounting revision linked to its acquisition of Cadence Bank. But CEO Steve Steinour remains sold on Huntington's expansion plans, calling the Cadence deal a "home run transaction."
Houston developer Colony Ridge Development agreed to resolve allegations that it operated a bait-and-switch scheme targeting Hispanic immigrants that led to massive foreclosures.
JPMorganChase, Citi and Custodia are among the banks that have built digital asset projects on the Ethereum blockchain.
The district's appeals court let stand a May 2025 ruling that dismissed most of the D.C. Attorney General's claims against EarnIn in a major win for the firm and good news for fintechs looking for favorable regulatory treatment.
Delinquencies on credit-card debt mostly held steady at the end of last year, but certain groups of consumers are faring better than others.
