Why Comerica finally sold itself — and why it happened now
Comerica Bank in Dallas has been around since before the Civil War. But the banking crisis of 2023 tamped down on its access to low-cost funding, and the problem persisted until it finally decided to sell itself.
Survey: U.S. businesses report losing 10% of revenue to fraud
A new survey finds that fraud losses have jumped significantly in the last year, with digital channels and check fraud posing the biggest threats.
‘Give me five trade ideas’: TD’s traders embrace ChatGPT
TD Securities began making OpenAI’s ChatGPT available to traders in June and it’s become a “massive time save,” according to Chief Information Officer Dan Bosman.
CFPB awarded $111 million from firm that scammed immigrants
An appeals court upheld a nine-figure default judgment against Nexus Services, Libre by Nexus and three individuals who scammed immigrants held in custody by ICE.
Fed’s Barr skeptical that inflation has been tamed
Federal Reserve Gov. Michael Barr said in a speech Thursday that he fears the gradual pace of price increases from tariffs being passed on to consumers may prolong the one-time inflationary effect of the tariffs to the point where it affects consumers’ inflation expectations.
Behind the deal: PNC’s whirlwind $4.1B bid for FirstBank
The superregional bank inked its merger agreement with FirstBank just two weeks after it saw the first draft of the agreement.
Bessent: bank asset thresholds need a ‘substantial increase’
Treasury Secretary Scott Bessent Thursday said the bank asset thresholds that trigger enhanced prudential standards like stress testing and additional capital requirements require a recalibration to account for inflation.
Inside a Canadian stablecoin consortium
Canadian banks, financial institutions, fintechs and commerce companies have come together to develop a Canadian-dollar-backed stablecoin that is slated to go live in early 2026. The move comes as U.S.-based banks continue to evaluate their own participation in the post-GENIUS Act world.
As stablecoins proliferate, so will efficiency in the marketplace
Noelle Acheson argues that broad choice between stablecoins is good for users and for the ecosystem — and any confusion can be smoothed by technical and design solutions.
Pulte hints at how Fannie, Freddie may spur builder activity
President Trump wants the two government-sponsored loan buyers to help speed lower-cost home creation and their oversight agency’s director is following up.