NYSE, DTCC developing blockchain-based securities trading
The financial market infrastructure providers are taking advantage of political tailwinds and technology advancements to offer 24/7 trading over distributed ledgers.
Fifth Third’s old-school plan to keep Comerica customers
In the 11 months after Fifth Third completes its acquisition of Comerica, the Cincinnati bank plans to send 13 million-to-14 million pieces of paper mail to retail customers. CEO Tim Spence says the old-fashioned method “still works,” and actually has some advantages over more modern modes of communication.
Brazen scheme combines fraud, visiting customers’ homes
A New Jersey courier scam highlights the severe liability risks consumers face when using debit cards compared to credit cards.
Strong fundamentals help boost earnings at U.S. Bank
The Minneapolis-based regional saw its fourth-quarter profits jump 23%. Consumer deposits bumped up, while operating expenses remained muted.
First Entertainment CU launches digital brand in Atlanta
The newly launched digital credit union, CineFi, aims to serve creative professionals in the Atlanta area as well as First Entertainment’s existing member base in Los Angeles.
How banks can reap revenue from AI: Accenture’s Mike Abbott
The company’s recently released 2026 trends report is about “moving and changing the narrative from being Eeyores to being Tiggers,” Abbott said in the latest American Banker podcast.
Bessent tells banks deregulation makes up for 10% rate cap
Treasury Secretary Scott Bessent said Tuesday morning that banks should focus on the sweeping deregulation the administration has enacted as the industry pushes back on President Trump’s proposed 10% credit card interest rate cap.
Crypto banking belongs inside the federal regulatory perimeter
Efforts to exclude crypto firms from the provision of a number of different core financial services are doomed to fail. The only correct response is to provide the prudential regulation necessary to assure safe and sound operation.
Scotiabank’s former CEO thrived on crisis
Howard Green’s new book Gimme a Crisis offers a deep dive into the former Scotiabank CEO’s career, from bringing the NBA to Toronto to navigating 2008.
Square, Stripe take a fresh swing at crypto payments
Cryptocurrency has traditionally been an investment product more than a way to make purchases, but fintechs are betting there’s a future for digital assets at the point of sale.