Fifth Third’s earnings fall in line amid credit hits and M&A
The Cincinnati, Ohio-based bank delivered third quarter earnings that mostly met expectations, even as it took a $200 million blow to credit.
Truist beats estimates, maintains 2025 guidance
The Charlotte, North Carolina-based bank reported net income of $1.45 billion for the third quarter and earnings per share of $1.04, which beat analysts’ forecast of $0.99 per share.
Regulators rescind Biden-era climate principles
Earlier in the day, Fed Gov. Stephen Miran chastised the Fed for wading into politics under the Biden administration, as he currently takes unpaid leave from President Donald Trump’s top advisory council.
Visa, Mastercard settle merchant suit for nearly $200M
Merchants alleged the major card networks illegally conspired to shift fraud liability onto them with the adoption of EMV chip technology.
Bank stocks see ‘bloodbath’ amid fraud-linked credit fears
Zions Bancorp. is among the latest banks to report material losses due to alleged borrower fraud. Stocks of regional lenders plunged on Thursday.
KeyCorp beats estimates amid ‘remarkable’ regulatory changes
CEO Chris Gorman applauded what he sees as a transformation of bank regulation since President Trump took office. He described a shift from layers of exams and documentation to a streamlined focus on liquidity, capital and earnings.
Press Release: Agencies Announce Withdrawal of Principles for Climate-Related Financial Risk Management
PRESS RELEASE | OCTOBER 16, 2025 Agencies Announce Withdrawal of Principles for Climate-Related Financial Risk Management WASHINGTON — The federal bank regulatory agencies today announced the withdrawal of interagency Principles for Climate-Related Financial Risk Management for Large Financial Institutions. The agencies do not believe principles for managing climate-related financial risk are necessary because the agencies’ […]
Affirm takes a page from Amazon’s playbook with 0% Days
The BNPL lender is launching a three-day shopping event that pushes 0% financing offers to draw more consumers into the app and increase sales volumes for merchants ahead of the holiday season.
M&T says it’s turning the corner on commercial real estate
The Buffalo-based bank said Thursday that the paring of its CRE loan book, which has nearly halved in volume over the last three years, may be near its inflection point.
Paxos mints, burns $300 trillion in PayPal stablecoin error
An internal error worth more than double the world’s GDP highlights both the operational risks and the transparent, self-correcting nature of public blockchains.