Critics question stablecoins’ role in the financial system
The dollar-backed digital assets have to clear many hurdles before they find a place in the future of finance, speakers at a Columbia University event said.
S&T Bancorp shuffles board structure as Toretti departs
S&T Bancorp is shuffling its board structure as Chairwoman Christine Toretti plans her departure; Philip Bohi is named general counsel of the American Financial Services Association; Coastal Community Bank appoints Brandon Soto as its new chief financial officer; and more in this week’s banking news roundup.
Citi partners with Euronet’s Dandelion for cross-border payments
The bank teamed up with Euronet Worldwide subsidiary Dandelion for cross-border payments to digital wallets in the Philippines, Indonesia, Bangladesh and Colombia in an optionality play.
CFPB drops enforcement actions against two more lenders
Washington Federal Bank and Planet Home Lending are both off the hook for the remainder of their consent orders, which the bureau quietly terminated.
Heritage to widen Puget Sound footprint with $176M deal
The Olympia, Washington-based acquirer expects the all-stock acquisition of Kitsap Bank’s holding company to close in the first quarter of 2026.
Mid Penn Bancorp plans seventh bank acquisition in 11 years
The Harrisburg, Pennsylvania, community bank agreed to acquire 1st Colonial Bancorp in Mount Laurel, New Jersey, in a $101 million deal that would help deepen its presence in greater Philadelphia.
Filings warn of market chaos if Fed Gov. Cook is removed
Seven filings were submitted in response to President Donald Trump’s request for the Supreme Court to remove barriers from ousting Federal Reserve Gov. Lisa Cook before litigation proceeds. Most filings argued for the Court to deny the president’s application.
Inflation outpaced wage growth in August
Personal income, which rose $95.7B in August was overtaken by consumer spending, which jumped $129.2B, pushing the saving rate to 4.6% amid steady inflation and higher wages.
Press Release: FDIC Announces Five Senior Leadership Appointments
PRESS RELEASE | SEPTEMBER 26, 2025 FDIC Announces Five Senior Leadership Appointments WASHINGTON – The Federal Deposit Insurance Corporation (FDIC) today announced the appointment of the following personnel to serve in senior leadership positions: Ryan Billingsley has been appointed Director of the FDIC’s Division of Risk Management Supervision (RMS), overseeing the agency’s safety and soundness […]
Press Release: FDIC Publishes Enforcement Orders for August 2025
PRESS RELEASE | SEPTEMBER 26, 2025 FDIC Publishes Enforcement Orders for August 2025 WASHINGTON – The Federal Deposit Insurance Corporation (FDIC) today published a list of orders of administrative enforcement actions taken against banks and individuals in August 2025. There are no administrative hearings scheduled for October 2025. Consent Orders: GSL Savings Bank, Guttenberg, New […]