IMF urges banks to share data to fight fraud
A new International Monetary Fund working paper highlights how inadequate data sharing leaves the U.S. banking sector vulnerable to transnational fraud syndicates.
Truist boosts net income, sets higher profitability target
The Charlotte, North Carolina-based regional bank said it’s been executing on its strategic priorities and is consequently setting a new, higher target for a key profitability metric.
Banks are pretending not to notice a big problem with private credit
The real risk is not whether private credit looks like 2007 — it’s whether banks understand how much of their balance sheets are quietly exposed to marks they don’t control.
OCC says small Chicago bank tricked veterans with deceptive ads
The Federal Savings Bank in Chicago got hit with a federal consent order after the Office of the Comptroller of the Currency found that the bank blasted veterans with millions of deceptive ads.
IMB profitability hits 4-year high in 2025, MBA finds
While last year was the best for origination income since 2022, annual net servicing revenue for mortgage bankers was approximately 70% below 2024’s level.
Bastion Platforms seeks to convert its state trust charter
The stablecoin provider recently applied for a national trust bank charter from the OCC after acquiring a New York trust charter last year.
KeyCorp’s loans grow, but ‘uncertainty’ expected to hit M&A fees
The Cleveland company’s merger-and-acquisition pipeline is bursting with deals, said CEO Chris Gorman, but geopolitical concerns are causing some clients to “slow-play” their transactions.
Fed hits Georgia bank over government lending expansion
Community Bankshares in Lagrange ran afoul of regulators after announcing a major expansion of its government-guaranteed lending operation in 2025.
Ahead of earnings, Amex adds more tools to feed its AI plans
The credit card lender, which is scheduled to report first quarter earnings April 23, followed its release of an agentic commerce kit by agreeing to acquire Hypercard, a Sam Altman-backed company that uses AI to support expense management.
Fed’s Miran downplays inflation risks, rethinks rate cuts
Federal Reserve Gov. Stephen Miran Thursday said that the Iran war and tariffs will not have long term impacts on inflation, but did say he is reconsidering his rate cut outlook for the year.