Credit unions bulk up a business that banks long dominated
Citadel Credit Union recently closed a $50 million loan on a Philadelphia office tower. It’s part of a trend, as credit unions build their commercial real estate lending businesses.
State Street shuffles leadership, Florida’s Portrait Bank
State Street promotes Ann Fogarty to chief operating officer and names Mostapha Tahiri president of State Street Alpha; Florida’s Portrait Bank expects to open for business on Saturday; Texas Capital Bancshares is on the lookout for a new chief risk officer following the departure of David Oman; and more in this week’s banking news roundup.
Banks are falling behind on payment speed, cost
Exclusive Research: Banks are moving too slowly to meet demand for cheaper, faster payments
Fed’s Bowman previews new twists in stress test reforms
Federal Reserve Vice Chair for Supervision Michelle Bowman Friday highlighted a pair of new provisions to the final stress test framework that arose from public commentary submitted to the agency last year.
Press Release: FDIC Releases Results of Summary of Deposits Annual Survey
PRESS RELEASE | SEPTEMBER 18, 2026 FDIC Releases Results of Summary of Deposits Annual Survey WASHINGTON—The Federal Deposit Insurance Corporation (FDIC) today released results of its annual survey of branch office deposits for all FDIC-insured institutions as of June 30, 2026. The FDIC’s Summary of Deposits (SOD) provides branch-level deposit information for more than 75,000 […]
Deep talks first, trust vehicles later: 5 questions that reveal client goals
In a series of webinars and journal articles, two lawyers and a financial planner are leading a collaborative discussion about how estate planning professionals can better serve African American clients and, in turn, all customers.
People use AI to gauge banks’ reputations, and its verdicts are harsh
Bankers need to understand that artificial intelligence services are increasingly used by customers shopping for banking services. The chatbots can be pretty unsparing in their assessments.
Five agencies say banks may accept mobile driver’s licenses
FinCEN and four banking agencies cleared mobile driver’s licenses for customer identification. The question is, can banks read them?
Is there an agentic payments bubble?
Volume on a rail for AI agents to make transactions has fallen 93% in 2026 while related startups flood the market, suggesting technology is developing faster than demand. But payment experts say there’s still a very bright future for shopping and checkout via advanced forms of AI.
Community bank offers new perk to trainees: Guaranteed work
1st Summit Bank in Johnstown, Pennsylvania, is offering high school graduates not just free training, but a seven-year employment guarantee. It’s an approach that some experts think could catch on.