Stablecoin custody could be the first step toward banking ‘super-apps’
Noelle Acheson points out that, while banks are unlikely to issue stablecoins, the related businesses they are likely to end up offering could set the stage for a transformation of their relationship with their clients.
TD, CIBC Beat Estimates on Their Canadian Banks’ Strong Results
Growth in TD’s home market has become even more important for the bank after its U.S. anti-money-laundering settlements imposed a cap on its American retail operations.
Exclusive: Pulte slashes Federal Home Loan Bank board seats
A directive from the Federal Housing Finance Agency would cut the number of board seats for Federal Home Loan Banks, especially in dark blue areas of the electoral map.
PNC’s new risk chief sees chance to ‘reallocate resources’
Amy Wierenga is taking on the role at a time when the Trump administration and Republicans in Congress are rolling back certain bank rules. She sees opportunities ahead.
EU may change CBDC to counter U.S. stablecoins
By using a public blockchain, a potential digital euro could be made more widely available. Plus, Klarna expands its merchant reach as it resurrects plans for an IPO, Binance faces an audit and more in the American Banker global payments and fintech roundup.
RBC’s City National Bank is back on ‘front foot,’ CEO says
The Canadian bank’s stateside unit is hiring bankers and investing in growth, according to RBC Chief Executive Dave McKay, following a rough 2023.
Credit unions deliver big returns for communities through CDFIs
The leader of a major credit union trade group takes issue with a recent BankThink article questioning credit unions’ ability to operate as federally recognized Community Development Financial Institutions.
A small Nigerian money-laundering scheme has big lessons for banks
The amount was less than $1 million, but the plot reveals clues that can help spot and fight elderly abuse and other financial crimes.
There’s a bubble that all effective managers make an effort to pop
Whether they plan on it or not, most managers will at some point find themselves in a bubble that bad news fails to penetrate. The best leaders are the ones actively trying to burst it.
Why a commercial real estate doomsday now looks unlikely
Data suggests that the beleaguered commercial real estate market isn’t going to get worse. And now that banks have had time to build reserves, any losses they do take shouldn’t be disastrous, analysts say.