Santander to shut 18 U.S. branches as it boosts digital bank
The banking arm of Spanish giant Banco Santander plans to close about 4.5% of its branch network in the United States, according to regulatory filings.
Senate Banking advances Bowman nomination
The Senate Banking Committee sent the nomination of Michelle Bowman to the full Senate in a party-line 13-11 vote.
UBS to pay $511 million to end Credit Suisse U.S. tax probe
A Credit Suisse unit pleaded guilty to conspiring to help its customers hide more than $4 billion from the Internal Revenue Service in at least 475 offshore accounts.
Regulatory clarity would help tokenized private credit flourish
Tokenization is a natural fit for the private credit market, and could help create new investment opportunities. But regulators must create clear rules of the road.
10 largest payments fintech funding rounds of Q1
The three largest deals raised an average of more than $136 million.
Fed defends stress test authority even as it explores changes
Despite its commitment to change its stress testing program, the Federal Reserve is defending its current practices in court. That argument raises thorny legal questions about whether stress tests are more like rules or adjudications.
Innovation of the Year 2025: Meet the honorees
The 10 winning innovations span categories from AI and payments to risk and compliance. An overall winner will be announced at American Banker’s Digital Banking event on June 2.
JPMorganChase quietly closed its fundraising platform Capital Connect
A representative for the bank said JPMorganChase is still dedicated to venture capital investors and new businesses.
CFPB wins rare judgement over student loan debt relief firm
A federal judge has ordered FDATR, a now defunct student loan debt relief provider, to pay $43 million in restitution and fees, bucking the trend of cases brought by the Biden administration-era Consumer Financial Protection Bureau being dropped.
How Cathinka Wahlstrom is modernizing America’s oldest bank
BNY’s chief commercial officer talks about AI, tariffs and her efforts to help create a leaner, meaner bank.