Revolut takes a swing at travel giants with new premium card
Called Titan, it adds perks and high-end offers to lure corporate clients. Payment experts say it faces challenges in battling incumbents such as American Express.
Here’s what is really behind all these stablecoin ‘risk’ reports
Recent weeks have seen a flurry of stablecoin risk reports from international finance institutions. Noelle Acheson deduces what’s really going on here.
Fifth Third CEO ‘not worried’ about suit over Comerica deal
The largest bank deal to be announced in 2025 is still on track to close in the first quarter of next year, Fifth Third CEO Tim Spence said. His comments came amid opposition to various aspects of the deal, as well as how it came together and the timeline for closing the transaction.
Fed to adopt wait and see approach on interest rates
Fed Chair Jerome Powell, speaking at a press conference after the December FOMC meeting, said the central bank is holding interest rates steady until it gets more clarity on the economy.
Wells Fargo’s CEO calls out ‘subpar’ home lending returns
Charlie Scharf has a mostly optimistic take on Wells’ consumer banking prospects entering 2026. But he’s more downbeat about the company’s once-dominant residential mortgage business.
PNC launches direct crypto trading through Coinbase
PNC is one of the first major banks to offer bitcoin trading services directly to eligible private client accounts in a limited launch with Coinbase.
US charges alleged Russian hacktivist targeting banks
The DOJ says the Ukrainian national helped coordinate Russian state-sponsored DDoS attacks against banks internationally.
House weighs finance AI sandbox
The House Financial Services Committee discussed allowing banks to experiment with artificial intelligence with a waiver from regulatory penalties, including consumer protection laws, in a hearing.
Mastercard, Visa bolster cross-border pay; Worldline sheds more units
The card networks entered separate partnerships to tap the remittance market, while the French payment company continued its turnaround strategy following regulatory and economic challenges.
CFPB to issue “interim” final rule on 1033 open banking
The Consumer Financial Protection Bureau plans to issue an interim final rule soon on consumer financial data rights because the agency expects to run out of money by Dec. 31.