Comerica execs say the bank’s midyear slump won’t last
The Dallas-based lender, which reported a year-over-year decline in earnings, is anticipating increased loan activity and deposit growth later in the year.
Huntington chalks profit rise to $10B loan, deposit growth
The Columbus, Ohio-based regional bank also benefited from strong performances by several legacy business lines, including auto, mortgages and SBA lending.
Trump signs stablecoin bill into law
With the passage of the bill, large banks are looking into their own stablecoins or partnering with the sector, while concerns linger about state regulation, the separation of banking and commerce and the disintermediation of the banking system.
Regions plans to unveil upgraded deposit platform in 2027
The regional bank’s cloud-based software platform will be one of the first of its kind, a top executive said Friday.
Western Alliance unifies under one brand
The banking subsidiary of Western Alliance Bancorporation is discarding six brand names to unify under the Western Alliance Bank moniker; longtime JPMorgan advisor Vishal Idnani will join Western Alliance as its next CFO; First Community in Lexington, South Carolina, will acquire Signature Bank of Georgia; and more in this week’s banking news roundup.
Old phone numbers are ticking time bombs for customers’ accounts
Texting a password recovery link to a customer presents the risk of someone else taking over the account. Researchers found this happens somewhat frequently.
Houston-based Prosperity makes M&A play in South Texas
Prosperity Bancshares announced plans to buy Corpus Christi-based American Bank Holding Corp. in an all-stock deal.
FHFA’s Vantagescore move changes math on mortgage insurance
Private mortgage insurers must accept the FICO alternative as valid collateral before it can be widely adopted by the mortgage industry.
Regulators need to lead a rethink of how we deal with payments fraud
To reverse the trend in payments fraud, regulators and the private sector must work together to expand how we define verification. It must be a dynamic, intelligence-driven process embedded at every point of the payment journey.
Wells Fargo sued for not disclosing fees during loan origination
A Wells Fargo customer was surprised to receive a “cryptic notice” and a cashier’s check from the firm compensating him for float fees charged more than a decade ago. A lawsuit followed.