Banks, ABA release ‘national strategy’ for defeating scams
The industry has developed materials for banks looking to promote anti-scam awareness and more resources for banks.
What banks need to know about this government shutdown
The first government shutdown since 2019 will slow flood insurance originations and new Small Business Administration loans, though self-funded banking regulators will continue operating as usual.
Community bank consolidation will likely accelerate: Report
Though small banks have a durable customer base in the small business sector, the decades-long consolidation trend will likely speed up, according to a new report from Morningstar DBRS.
Swift building a blockchain for real-time payments; PayPal bets on EMEA
Real-time cross-border payments are in demand, but lack interoperability–creating demand for Swift and Ripple to add new tech. Plus, PayPal pledges to add payment technology in the Middle East and Africa, and more international payments and fintech news.
San Antonio bank inks sale two months after founder’s death
Houston-based Prosperity will pay $269 million in stock for Southwest Bancshares in San Antonio. The sale comes on the heels of the death of Southwest’s founder and chairman.
Supreme Court to hear Fed Gov. Cook case in 2026
The Supreme Court said Wednesday that it would defer President Donald Trump’s request for a stay until after oral arguments scheduled for January 2026, allowing Federal Reserve Governor Lisa Cook to remain on the board at least until then.
From banker to board member: BNY’s Catherine Keating
Technology is moving quickly and retirement investing is now an individual responsibility, but the core purpose of a Wall Street career is still vital, the veteran banker said in an exit interview.
Rate-indicative yields dive as partisan war ignites shutdown
The shutdown started with a flight into treasury bonds, putting downward pressure on financing costs, but several other developments slowed mortgage activity.
Trump nominates Travis Hill for permanent FDIC chair
Hill, who has been serving as acting chair since January, has steered the agency toward deregulation and away from Biden-era priorities, with strong backing from big banks.
Less bank regulation, more pragmatism from the country’s top bank regulator
Michelle Bowman, the Federal Reserve’s vice chair for supervision, is focused on reforming the central bank’s oversight apparatus.