PNC logs record revenue on fee income, loan growth
The Pittsburgh-based bank’s solid third quarter comes weeks after it announced it plans to acquire a Colorado bank for $4.1 billion.
Stripe’s stablecoin wing vies for national trust charter from OCC
Bridge will join a number of digital asset firms vying for the coveted charter, seizing on the crypto-friendly environment in the second Trump term.
Warner: Directive to lay off CDFI staff likely came from OMB
Treasury laid off all of its Community Development Financial Institution Fund staff on Friday, with the reduction in force notices saying that the department plans on abolishing the fund.
Nova Credit draws capital to expand to new loan types
The credit infrastructure and analytics company secured $35 million in a Series D funding round, led by Socium Ventures, the venture capital division at Cox Enterprises, to expand into auto lending and personal loans.
Powell acknowledges Fed could have ended Covid-era QE sooner
Federal Reserve Chair Jerome Powell acknowledged skepticism around the central banks large-scale asset purchases during the pandemic, noting the Fed likely “should have stopped” sooner, but fell short of admitting that the purchase of MBS’ contributed to housing disparities.
How late fintech pioneer Doug Lebda built LendingTree
Lebda, who died over the weekend in an ATV accident, built one of the first online financial marketplaces in 1998.
Dimon on auto lender Tricolor collapse: ‘Not our finest moment’
JPMorganChase CEO Jamie Dimon said that his bank can improve its procedures to guard against fraud.
U.S. Bank wins Anchorage stablecoin, renews crypto plans
The bank is the custodian for Anchorage’s stablecoin platform, it’s thinking of issuing its own and it’s relaunching bitcoin custody, among other efforts.
Fed’s Bowman: New stress test proposals coming soon
Federal Reserve Vice Chair for Supervision Michelle Bowman said in a speech Tuesday that the central bank would unveil proposed revisions to its stress testing regime “in the next week or so.”
Wells Fargo’s earnings aided by consumers, capital markets
The San Francisco-based banking giant reported a 9% annual jump in quarterly profits. It also made official its appointment of CEO Charlie Scharf as chairman.