Custodia, Vantage release first bank-issued stablecoin on Ethereum
The two financial institutions issued Avit tokens on the Ethereum mainnet, marking a first in the U.S.
Cadence Bank to close M&A deal ahead of schedule
The Mississippi lender said regulators have signed off sooner than expected on its $103.6 million acquisition of First Chatham Bank. The bank’s CEO and deal advisers said the speedy approval bodes well for future M&A.
Why banks aren’t seeing high returns on generative AI
The newness and potential risks of the technology are factors, but there are also fixable mistakes companies make that prevent payoff.
De novo banking bill could pose a threat to existing small banks
A proposal before Congress would incentivize the creation of new banks by offering capital relief. This would give de novo banks a competitive advantage over incumbent community banks.
FDIC will eliminate reputational risk from bank supervision
Acting Federal Deposit Insurance Corp. Chair Travis Hill said the agency would eliminate reputational risk from all supervision, release more guidance on cryptocurrencies and refocus bank supervision.
Banks move for speedy end to Fed stress test lawsuit
The banking industry groups suing the Federal Reserve over its stress testing practices filed a motion for a summary judgment in the case, arguing that a quick resolution could ensure changes are made prior to the 2026 stress testing cycle.
Trump tariffs spook markets, but investor confidence grows
The looming initial public offering from Swedish payments firm Klarna comes in the foreground of tariff uncertainties and inflationary pressures.
Fed’s Kugler watches pickup in prices, inflation expectations
Federal Reserve Gov. Adriana Kugler expressed support for holding interest rates steady for “some time,” while highlighting a move up in some measures of Americans’ inflation expectations.
The next great investment boom in America isn’t where you think it is
The United States is reindustrializing, with a focus on manufacturing and advanced production. For investors willing to move beyond conventional narratives, these sectors offer substantial growth potential, fueled by both policy support and private sector demand.
HSBC CEO targets Asia, Middle East growth after revamp
Georges Elhedery aims to double down on HSBC’s investment-banking operations in Asia and the Middle East after exiting key businesses in the U.S. and Europe.