Fed’s Bowman wants to boost banks’ share of mortgage market
Federal Reserve Vice Chair for Supervision Michelle Bowman said in a speech Monday morning that the central bank will introduce two capital proposals that she said are aimed at boosting banks’ role in the mortgage market.
This is a moment of opportunity; the banking industry should seize it
Policymakers in Washington have rarely been as aligned with the banking industry as they will be for the next year or two. Bankers should use this time to expand and fortify their businesses for the future.
ACH volume is soaring. Here’s how that threatens banks.
The ACH Network reached new highs in 2025 as both traditional and same-day ACH usage grew at healthy clips. The trend could negatively impact deposits and cards.
Japanese payments fintech PayPay files US IPO
PayPay is the latest international fintech to signal entry into the U.S. fintech investor market with an IPO that has been planned by SoftBank for years.
Banks effectively deputized in Trump’s immigration fight
Attorneys from Holland & Knight warn that Treasury is targeting financial services companies in Minneapolis and at the southern border in an AML crackdown.
Bucking a trend, one out-of-state bank will exit North Carolina
First National Corp. in Virginia announced the sale of its two North Carolina branches. Meanwhile, a number of larger competitors are laying plans for growth in the Carolinas.
Coinbase’s CEO projects confidence despite crypto crash
After losing nearly $700 million in the fourth quarter as bitcoin’s valuation tanked, Brian Armstrong stressed product diversification will help the company navigate the downturn.
Goldman’s top lawyer Ruemmler to leave over Epstein ties
The Wall Street investment bank had staunchly defended Kathy Ruemmler over her previous association with Jeffrey Epstein.
Head of PNC wealth unit lays out plans to add hundreds of advisors
Rich Guerrini said the bank plans to expand its advisor ranks by about 50% as it targets mass affluent and other new clients with personalized branch-based service.
Goldman equips AI agents do trade accounting, onboarding
The New York bank’s technology leaders have been working to reengineer back-office work and give some of it to Anthropic’s Claude generative AI model.