Stablecoins need more than yield; they need ubiquity
The OCC left the door slightly ajar for stablecoin issuers to engineer schemes to pay yield; but even that won’t solve their biggest problem.
‘A team sport:’ Responding to cyber threats in the age of AI
At American Banker’s Most Powerful Women in Banking Conference, risk experts emphasized industry collaboration for addressing cybersecurity and fraud risks.
Bank OZK, heavy in CRE loans, makes progress on diversifying
The Little Rock, Arkansas-based bank continues to grapple with headwinds in its commercial-real-estate portfolio, with paydowns outstripping originations
Onity sues New York to clarify servicing fee charge rules
At issue is whether fees charged by the company for providing the ability for borrowers to pay by telephone run afoul of state regulations.
Why clients are choosing phased retirement — and what advisors should know
More clients are engaging in phased retirements including some type of work. These plans have implications for both the financial and psychological parts of advising.
What Schwab’s new ETF platform fees mean for clients, advisors
Charles Schwab is making good on its long-mulled plans to charge news fees to providers of ETFs. Investors are likely to bear the costs.
Bessent puts GSE exit on 2027-2028 agenda, boosting shares
The Treasury official’s comments increased the price of the government-sponsored enterprises’ stock even though he indicated there would be no near-term reform.
Splitit widens its installment lending pitch to skittish banks
The firm, which has long sought to distinguish itself from buy now/pay later fintechs through a different credit model, is adding a white label payment card with small banks and credit unions in mind.
BMO’s top U.S. executive to depart in leadership shuffle
BMO’s U.S. CEO, Darrel Hackett, will retire from that job. Tim Cox, who’s been serving at U.S. general counsel, will become the Canadian bank’s first U.S. country head in eight years.
How Barclays plans to grow its U.S.-based digital bank
Following the acquisition of personal loan originator Best Egg, Barclays is looking to grow its U.S.-based digital bank by cross-selling other banking products to its 25 million customers.