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International remittances are a key use case for Visa's stablecoin strategy, CEO Ryan McInerney said during its fiscal Q3 earnings call with investors. They also pair nicely with Visa Direct, the company's instant payment scheme, he said.
July 29 -
The legislation would direct the department to assess the federal government's ability to respond to a host of systemic challenges including war, pandemic and financial crisis.
July 29 -
Federal Housing Finance Agency Director Bill Pulte should direct the agency to examine credit scoring models based on cash flow as a complement to existing systems.
July 29
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After leaving Wall Street's expectations in the dust, the San Francisco-based fintech dialed up its outlook for the rest of 2025. And as regulators warm to crypto, SoFi sees opportunities for years to come.
July 29 -
The Senate Banking Committee passed a housing package that includes funding for manufactured and other kinds of housing, but also includes an appraisal provision that mortgage bankers oppose.
July 29 -
The company is relying on a boost from initiatives in crypto-related finance, AI-powered payment tech and connections to international digital wallets, though analysts cautioned geopolitics are hindering momentum.
July 29 -
Investor reaction to the proposed $8.6 billion deal has been sour, with both banks' share prices falling more than 11% as of Friday afternoon. The response appeared to reflect the market's distaste for mergers of equals and the risks associated with crossing the $100 billion-asset threshold.
July 29 -
The former Goldman Sachs executive was reportedly shot accidentally by a Las Vegas man targeting the National Football League.
July 29 -
The Dallas-based bank is the subject of a scathing new report by HoldCo Asset Management, which says it should take advantage of current market conditions to sell itself. The investment firm accused Comerica's management of making poor decisions and failing to address its lagging stock price.
July 28 -
Bank technology provider Fidelity National Information Services Inc. is partnering with Circle Internet Group Inc. to offer financial institutions the ability to conduct transactions using Circle's stablecoin.
July 28 -
Art collectors — and criminals — can anonymously spend millions on art in the U.S. A newly introduced bill could change that.
July 28 -
The big box retailer is trying to increase share among its business clients by adding financing options for businesses that are navigating economic volatility.
July 28 -
Like its sibling app Zelle, Early Warning's digital wallet is trying to build a brand that can attract new members. Star One Credit Union is an early win.
July 28 -
Given FHFA Director Bill Pulte's history of making regulatory pronouncements via X, some theorize the release of Fannie Mae and Freddie Mac could occur in the same way.
July 25 -
Though loan growth was soft in the second quarter, the Raleigh, North Carolina, regional bank is seeing some hope for a second-half pickup. Meanwhile, it benefited from a 2% gain in net interest income.
July 25 -
The Long Island-based company's second-quarter net loss was the seventh consecutive quarter in which it has reported a net loss. CEO Joseph Otting remained optimistic Friday about the bank's future, saying it should return to profitability in the fourth quarter.
July 25 -
The two Southeast banks agreed to combine in a transaction valued at $8.6 billion. Synovus CEO Kevin Blair would be chief executive of the combined bank, but a slim majority of board members would come from Pinnacle.
July 24 -
Flagstar Bank wants to merge its holding company into the bank, which would cut $15 million in annual expenses and eliminate regulatory oversight by the Federal Reserve, leaving the OCC as its primary regulator. The bank's CEO, Joseph Otting, is a former comptroller of the currency.
July 24 -
Fedwire has migrated to ISO 20022, a messaging standard designed to make it easier for digital real-time processing rails to work together. It's a difficult lift for banks, but the agency promises it will be worth it.
July 24 -
The fintech has made its core payment app interoperable with Venmo and will connect 2 billion users through partnerships in India, China, Brazil and other major digital commerce markets.
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