Banks see MSR strain despite strong top-line results
Many servicing metrics look weaker amid lower rates although valuations can vary depending on companies’ models, operations and portfolio composition.
Wells Fargo faces amended class action loan-mod complaint
Mortgage borrowers filed a third amended class action complaint against the bank over modification issues from 2010 to 2015.
Asset servicing gains new importance in an increasingly digital world
Once seen as a sleepy corner of the financial services industry, asset servicing has become increasingly important for banks as artificial intelligence, blockchains and a generational transfer of wealth alter the landscape.
Banco Inter gets Fed approval for U.S. digital branch
The Brazilian digital bank Banco Inter now has a license from the Federal Reserve Board and the state of Florida to establish a virtual “branch” in Miami.
Oportun CEO Vazquez to step down after investor pressure
Shares of the California lender surged 25% on news of the leadership change and preliminary fourth-quarter earnings.
Capital One to acquire payments fintech Brex in $5B deal
The McLean, Virginia-based bank plans to close the deal in mid-2026, about a year after it sealed its landmark purchase of Discover Financial Services.
Trump Fed majority stalled, not stopped, if Cook remains
Observers said the Supreme Court likely will allow Federal Reserve Gov. Lisa Cook to remain at her post while she challenges her purported removal by President Donald Trump. But her continued presence would slow, rather than stop, the president’s quest for a voting majority on the central bank board.
Fresh off merger, Pinnacle plans to keep hiring bankers
Three weeks after completing its “merger of equals” with Synovus Financial, Pinnacle Financial Partners said it plans to hire 225 to 250 revenue-generating bankers in 2026 across its newly expanded Southeast footprint.
PayPal seeks an AI edge by buying e-commerce fintech Cymbio
The acquisition will improve how clients can use agentic artificial intelligence to attract and reel in consumers.
Huntington eyes a Texas-sized growth spurt in 2026
With one Texas acquisition integrated and another deal set to close next month, Huntington Bancshares is projecting double-digit growth in loans and revenue this year.