Northern Trust Corp. said Wednesday that it had been selected by the Delaware Public Employees' Retirement System to be custodian for $6.5 billion of assets.
The agreement takes effect July 1, including domestic and global custody and related services like cash management and securities lending.
The Delaware pension system consists of nine retirement plans and four commingled pension funds. It had 61,908 members, including 20,363 retirees and beneficiaries, at June 30, 2005.
The payments giant is counting on the FIFA World Cup this summer for windfalls in its consumer and commercial businesses. Long-term, agentic commerce is creating a whole new ecosystem to which Visa can attach itself, Visa CEO Ryan McInerney said on a call with analysts.
For the Denver-based parent company of Sunflower Bank, the first quarter of 2026 was not entirely sunny. Loans grew dramatically, but so did charge-offs, with the lender charging off two credits worth more than $10 million.
The investment firm's Alternatives division comprised a majority of the online lender's $60 million Series C funding round.
While stablecoins aren't widely used for payments, banks still have a role to play in leading the market.
Celtic Bank is the latest large Small Business Administration lender to turn to an AI origination platform for smaller-dollar loans. Live Oak Bank, which has been piloting the same platform, says it's poised for big growth in the same segment.
The Federal Open Market Committee's April meeting — likely Federal Reserve Chair Jerome Powell's last — is unanimously expected to keep interest rates steady, but questions about energy, inflation and the upcoming transition in leadership still loom.
