Minnesota credit union is launching its own stablecoin
St. Cloud Financial Credit Union will be issuing its own stablecoin at the end of this year, becoming one of the first U.S. credit unions to do so.
New York bank doubles down on insurance with big investment
Community Financial in Syracuse has made its biggest investment ever in an outside company, taking a $37.4 million equity stake in an insurance provider that focuses on the rental housing market.
NY regulator tells banks to monitor customers’ crypto risk
State regulator says blockchain tools are key to detecting money laundering and sanctions violations.
Affirm, Klarna, deepen ties with Apple
The two BNPL giants’ pay-over-time loans will now be available for in-store purchases on Apple Pay in a move to capture more sales at brick and mortar stores.
Auto lender’s bankruptcy sets off scramble after alleged fraud
Creditors of the subprime auto lender Tricolor, which filed to liquidate in bankruptcy this month, are staking their claims on the company’s remaining assets.
Visa targets wealthy consumers in the UAE
Visa is introducing a premium service to the Middle East, and Lloyds Banking says its cash protection product is showing results. Plus, Brex teams up with Doordash and more in the American Banker global payments and fintech roundup.
A battle over stablecoin caps is brewing in the U.K.
The Bank of England may cap ownership, drawing ire from crypto groups that claim that will hinder innovation.
Senate report: KPMG ignored red flags before 2023 bank failures
A report from Democratic staff on the Senate Permanent Subcommittee on Investigations said accounting firm KPMG gave Silicon Valley Bank, Signature Bank and First Republic clean audits despite internal warnings, fraud allegations and apparent risks of failure.
Crypto power struggle flares as Stripe nabs big stablecoin win
These bidding wars are likely to become more common as decentralized platforms build their own stablecoins — and choose partners to issue them, experts said.
2025 The Most Powerful Women in Banking Top Team: Ally Bank
Since the completion of the One Ally project in the first half of 2025, the bank reported 10.5% net deposit growth from customers who initially were not deposit holders.