BofA seeks to dismiss COVID-era unemployment fraud claims
The bank asks a federal court to toss claims from five certified classes, arguing victims have been paid and that fraudsters are included in the suit.
BNY sees blockchain as future of finance infrastructure
BNY’s Carolyn Weinberg believes blockchain technology could be the key to an always-on operating system for the New York-based custody bank.
Atlantic Union plans more branches to speed Carolinas growth
The Richmond, Virginia-based bank expects to build 10 branches in Raleigh and Wilmington, North Carolina, over the next three years. M&A is on the back burner as the company also works to capitalize on its recent acquisition of Sandy Spring Bank in Maryland, CEO John Asbury said.
Press Release: Federal Reserve and FDIC Release Public Sections of Resolution Plans for Several Large Banking Organizations
PRESS RELEASE | OCTOBER 23, 2025 Federal Reserve and FDIC Release Public Sections of Resolution Plans for Several Large Banking Organizations WASHINGTON – The Federal Reserve Board and the Federal Deposit Insurance Corporation today released the public sections of resolution plans for 15 large banking organizations, including five domestic and 10 foreign banking organizations. These […]
First Citizens takes $83 million hit tied to First Brands
The North Carolina bank is the latest lender impacted by the bankruptcy of U.S. auto parts maker First Brands. First Citizens executives said credit was in good shape overall.
Customer use of AI agents will depress profits: McKinsey
The agents could overcome the consumer inertia that keeps people in low-yield bank accounts, the consultants say.
Stablecoins are expanding the definition of what we call ‘money’
Stablecoins aren’t fungible, and yet they’re considered an on-chain substitute for money. Noelle Acheson argues that this is about more than a shift in definitions.
Bread Financial eyes home goods for portfolio diversification
The credit card issuer added two programs with home goods retailers Raymour and Flanigan and Bed, Bath and Beyond during the quarter while also increasing its stock buyback allocation and dividend payouts.
101 Republicans urge administration to save CDFI Fund
A cohort of more than 100 Republican members of Congress sent a letter to Treasury Secretary Scott Bessent urging the administration to protect and fund a community lending program that has been gutted despite its legal mandate and Bessent’s backing.
AI startup Brico aims to make licensing ‘joyful,’ gets $13.5M
The company’s software automates much of the process of getting money transmitter, lending and other types of licenses.