Mastercard forms stablecoin pacts with Paxos, PayPal, Fiserv
The card network’s moves include supporting coins from Fiserv, PayPal and others; and offering services to what’s expected to be a fast-growing industry.
Circle’s surge heats up debate over stablecoin payments
The stock started trading at $31 and closed Monday at $263.45. Circle has been the main beneficiary of the euphoria surrounding stablecoin regulations, as it is one of the few publicly traded companies with stablecoin-linked assets.
Trump could solve the housing crisis with no help from Congress
The president should unwind the federal government’s stake in Fannie Mae and Freddie Mac, and direct the proceeds to a housing remainder trust designed to close critical gaps in real estate lending.
How Debo Sen is growing Citi’s global payments business
Citigroup is on a quest to modernize its global payments stack and be the go-to financial institution for cross-border payments and international corporations. Debopama Sen, head of payments at Citi’s Services business, spoke with American Banker about the divisions’ progress since its Services Investor Day in June 2024.
First Financial Bancorp to acquire Ohio bank in $325M deal
The Cincinnati bank aims to grow in northeast Ohio with the acquisition of Westfield. The deal is expected to boost First Financial to a $20.6 billion institution.
HFSC Chair Hill noncommittal on clean GENIUS passage
House Financial Services Committee Chair French Hill, R-Ark., declined to say whether he would pass the Senate’s GENIUS Act without making his own changes, as President Trump has preferred.
Nissan applies for industrial loan company charter
Nissan Motor Acceptance Corp. has applied for an industrial loan company charter, joining General Motors and Ford in hoping for better prospects for approval under the Trump administration.
SBA titan NewtekOne expands its alternative loan portfolio
Barely two years after adopting a bank charter, NewtekOne in Florida plans to expand beyond its roots as an SBA 7(a) lender by growing its alternative loan program.
Fed officially nixes reputation risk from exam practices
The Federal Reserve is the latest bank regulator to purge reputational considerations from its supervisory materials.
Banks face heightened cyber threat after U.S. bombs Iran
Following strikes on nuclear sites, the U.S. warned of a heightened threat environment. Here’s how Iran has targeted American banks in the past.