Financial institutions

The online lender said its national bank will become the "primary originator," displacing the banks that are lenders of record. Loan buyers keep their role.

Supporters of mutual banks are lining up behind a proposed regulatory overhaul. The Fed's plan would make it easier for depositor-owned banks to raise capital.

The Federal Reserve is mulling changes to its Regulation O that would allow executives, board members and major shareholders to borrow more from their own banks.

The parent company behind Flex Rent submitted applications to state and federal regulators for an industrial loan charter and deposit insurance.

As governors prepare to designate new "opportunity zones," lenders and investors should take advantage of the chance to target capital to communities where it will both do good and generate strong returns.

Some analysts and investors zeroed in Thursday on weaker net interest income guidance. But Huntington executives said they expect strong second-half results.

Optus Financial in South Carolina will acquire M&F Bancorp in North Carolina in a deal that's set to create one of the largest Black banks in the United States.

Like many of its peers, the Chicago-based custody bank posted strong results thanks partly to the downstream effects of a strong initial-public-offering market.

For some banks, surging loan growth isn't all a bed of roses, as funding the increased volume often results in a certain amount of net-interest-margin dilution.

The stablecoin issuer has received final approval from the federal agency to open a trust bank division for custody of digital assets.

The Las Vegas bank's deal for Arc Technologies comes three months after Capital One paid $5 billion for AI-native payments firm Brex.

Industry experts say regional banks have roughly a two-year window in which to merge, before they risk the clock expiring on the Trump administration's M&A-friendly policies.

Organizers of Bank of St. George were close to the finish line in 2020 when the COVID-19 pandemic arrived. Now CEO Bruce Jensen says the planned bank should open its doors by the end of the year.

The buy now/pay later provider and aspiring neobank submitted applications to the Utah Department of Financial Institutions and the Federal Deposit Insurance Corp. to establish Klarna Bank.

The Alabama company has a long history of absorbing smaller firms with special skills. Acquiring the investment bank Frazer Lanier, an analyst said, is another example of that strategy.

The Connecticut-based bank announced its release from a formal agreement with regulators. It is pushing to expand in wealthy areas such as Beverly Hills, California, and Palm Beach, Florida.

The bank deepened its relationship with Circle Internet Group, letting institutions store, transfer, mint and burn USDC.

The Kansas City bank plans to purchase St. Louis-based Nolan & Associates, adding to its investment banking advisory capabilities.

JPMorganChase and Bank of America raised concerns about the proposed removal of risk-weighted assets from the denominator of the short-term wholesale funding component of the GSIB surcharge — changes backed by Goldman Sachs and Morgan Stanley.

The wealth management firm received its conditional approval from the OCC as it seeks to manage custody of digital asset investments for its clients.