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.
Redlining is a bigger problem than banks’ representatives admit
The American Bankers Association’s assessment of the Biden administration’s fair lending enforcement efforts makes questionable claims about a practice that remains a major problem in some U.S. communities.
Fannie Mae names Akwaboah acting CEO, replacing Almodovar
In addition, John Roscoe and Brandon Hamara have been appointed co-presidents at the government-sponsored enterprise, effective immediately.
Record interest income fuels a strong Q3 for LendingClub
The company is leveraging its bank charter and strong customer acquisition, with app logins up nearly 50% from borrowers.