Fed’s Bowman views Kraken approval as ‘pilot program’
Federal Reserve Vice Chair for Supervision Michelle Bowman played down the significance of Kraken Financial receiving a master account, saying the central bank is treating it as a pilot program.
Press Release: Agencies Clarify the Capital Treatment of Tokenized Securities
PRESS RELEASE | MARCH 5, 2026 Agencies Clarify the Capital Treatment of Tokenized Securities WASHINGTON – The federal bank regulatory agencies today jointly issued answers to frequently asked questions to clarify the capital treatment of tokenized securities. A security is often referred to as “tokenized” when ownership rights in the security are represented using distributed […]
Oil price shock pushes mortgage rates back above 6%
While this only shows a 2-basis-point rise in the 30-year fixed since last week, the Lender Price product and pricing engine data is 30 basis points higher.
Wells Fargo fully sheds Fed’s massive 2018 enforcement order
The bank exited the $1.95-trillion asset cap last year, but it had remained subject to the rest of the eight-year-old order.
Iran war pressures accelerate for banks and payments
Panelists at a JPMorganChase webinar said oil shipping security is shaky, creating risk of a new wave of inflation that would impact energy finance. Other analysts said the war will create pressure for some parts of the payments industry.
Fintech giant Revolut pursues US bank charter
With an application for a U.S. bank charter, the global super app provider aims to expand its offerings and compete with established domestic challengers.
A community-bank director quits with a parting blast
Glen Herrick, a veteran bank director, penned a resignation letter criticizing the West Virginia company’s executive-compensation policies and what he described as a failure to focus on core profitability.
Press Release: FDIC Issues List of Banks Examined for CRA Compliance
PRESS RELEASE | MARCH 5, 2026 FDIC Issues List of Banks Examined for CRA Compliance WASHINGTON – The Federal Deposit Insurance Corporation (FDIC) today issued its list of state nonmember banks recently evaluated for compliance with the Community Reinvestment Act (CRA). The list covers evaluation ratings that the FDIC assigned to institutions in December 2025. […]
The origin story of stablecoins offers a hint to their future uses
Noelle Acheson points out that a wander through stablecoin history highlights an overlooked use case likely to be of interest to financial services providers.
Kraken and Morgan Stanley are playing in each other’s backyards
Morgan Stanley wants to get into crypto, and Kraken is getting inside the Fed. Plus Banco Santander faces a dilemma, and prediction markets make some questionable bets.