U.S. Bank is testing stablecoin issuance on Stellar network
The bank is a step closer to having its own U.S. dollar-pegged cryptocurrency. It could become the first major financial institution to issue a stablecoin.
Pinnacle, Synovus expect Jan. 1 closing after Fed’s approval
The two regional banks, which are combining in a merger of equals, had previously said they expected to complete the deal sometime in the first quarter of 2026.
Does the Fed have an ethics problem?
Recent high-profile ethics violations by senior Federal Reserve officials, including new revelations concerning stock trades by former Fed Gov. Adriana Kugler, have sparked debate over the effectiveness of the central bank’s oversight, even as some observers stress such cases remain rare.
Klarna’s crypto and shopping moves; EMV for agentic payments
The Swedish financial technology firm issued its first stablecoin and signed a gift card distribution deal with BlackRock. Also, EMVCo is examining AI’s impact on processing and more in the American Banker global payments and fintech roundup.
Reviving this one FHA program could greatly boost homeownership
Years ago, the Federal Housing Administration helped finance thousands of loans for manufactured housing. An effort to restart that program would help millions of Americans afford their own homes.
Bank jobs hit lowest level since prior to pandemic: Report
U.S. commercial banks and savings banks have reduced employment by nearly 81,000 since the first quarter of 2023, including a net loss of 7,463 positions during the third quarter of this year, according to a new report from KRBA Financial Intelligence. Big banks, which have been embracing artificial intelligence, were big contributors to the decline.
Comerica must disclose info on Fifth Third deal, judge says
The activist investor HoldCo Asset Management alleges that Comerica and Fifth Third used a “flawed” process to arrive at a $10.9 billion merger agreement. On Tuesday, a Delaware judge said she will hold a hearing to determine if the banks omitted material information in their public disclosures.
Calif. bank’s bond sale means short-term hit but 2026 boost
Bank of Marin Bancorp in Novato has sold a big chunk of low-yielding securities, replacing them with investments that should produce significantly more income.
NYSE executive Cassandra Seier dies in alleged bike accident
The New York Stock Exchange disclosed the news on Monday of the sudden passing of its head of International Capital Markets.
FDIC Board of Directors Meeting
BOARD MEETING | NOVEMBER 25, 2025 FDIC Board of Directors Meeting Today, the Federal Deposit Insurance Corporation’s Board of Directors met in open session to consider the following matters. Materials and information relative to the open Board actions are available on the Board Matters webpage. Items Addressed in Open Session: Notice of Proposed Rulemaking: Regulatory Capital […]