FDIC approves Erebor Bank’s deposit insurance application
The de novo bank, which will serve participants in virtual currency markets, is putting the regulatory pieces in place for its planned 2026 launch.
How hackers stole vendor data on 6 million car buyers
A breach at an auto lending compliance provider highlights third-party vendor risks and has triggered class action lawsuits against the firm.
Thread Bank fundraises $30.5 million for embedded strategy
The Nashville community bank is focusing on growing its “digital branches” through fintech partnerships and embedded banking with its latest funding round.
Citi marks latest milestone in overseas consumer retreats
The New York megabank, which completed the sale of a 25% equity stake in its Mexico retail business, has been exiting certain international markets as part of CEO Jane Fraser’s focus on being a simpler, smaller bank.
Alabama’s ServisFirst expands beyond Southeast into Texas
The Birmingham-based lender is opening its first branch in Houston, following a wave of banks rushing into the Lone Star State as its economy continues to boom.
Early Warning’s Paze sponsors New York City soccer club
Early Warning’s online checkout tool signed a multi-year partnership with NYCFC to be the official online checkout and digital wallet of the Major League Soccer franchise and a founding partner of its forthcoming stadium, Etihad Park.
Press Release: FDIC Approves the Deposit Insurance Application for Erebor Bank, N.A., Columbus, Ohio
PRESS RELEASE | DECEMBER 16, 2025 FDIC Approves the Deposit Insurance Application for Erebor Bank, N.A., Columbus, Ohio WASHINGTON – The Board of Directors of the Federal Deposit Insurance Corporation (FDIC) today approved a deposit insurance application to establish Erebor Bank, N.A. (Erebor Bank), a newly chartered national bank to be headquartered in Columbus, Ohio. […]
Banks need to adopt passkeys as a safer alternative to passwords
Passkey technology offers a superior method of authenticating customer identification, both in terms of convenience and security. It’s time for banks to finally make the transition.
FDIC proposes process for banks to issue stablecoins
The Federal Deposit Insurance Corp. issued a proposal setting application criteria for banks to issue stablecoins and sets a strict timeline under which banks may have their applications reviewed. The agency also reduced deposit insurance assessments for banks and slashed its 2026 proposed budget at a board meeting Tuesday morning.
Economy adds 64,000 jobs after October drop; Unemployment up
The Bureau of Labor Statistics Tuesday reported that the economy added 64,000 jobs in November after posting a loss of 105,000 jobs in October, which was largely attributable to the onset of the government’s deferred resignation program. Unemployment also ticked up to 4.6% from 4.4% in November.