Acting OCC head calls debanking ‘repugnant and odious’
Without citing examples, acting comptroller Rodney Hood expressed disgust at what he called the “debanking” of certain businesses.
Temenos opens innovation hub in Central Florida
The Geneva-based core banking provider is hiring U.S. tech talent to build AI-powered solutions for banks.
Treasury promotes IRS whistleblowers who probed Hunter Biden
The Treasury named a pair of IRS agents as special advisors to Treasury Secretary Scott Bessent, and plans key roles for them at the IRS.
Washington bank restates earnings after reporting issues surface
Coastal Financial’s decision to report a material weakness won’t impact previously disclosed bottom-line results, though it creates bad optics for the Everett-based company.
Cathie Wood says most meme coins will end up ‘worthless’
The investor noted that the SEC and regulators are not taking responsibility for meme coins and that her private funds are not putting money into these coins.
Citi’s poaching wealth tech execs from rivals. Here’s why.
The hires, meant to shore up a division that has not been as tech-forward as leadership would like, have included Morgan Stanley and J.P. Morgan veterans.
Trump adviser: Banks will play ‘tremendous’ role in crypto
Bo Hines, a top White House adviser on crypto policy, said banks can see “the writing on the wall” and will want to engage in the digital asset industry.
Banking groups seek total block of Ill. interchange law
Trade groups are asking for summary judgment to permanently block an Illinois law banning interchange fees on taxes and tips, citing federal banking conflicts.
New FHFA chief revamps Fannie Mae, Freddie Mac’s boards
Federal Housing Finance Agency Director Bill Pulte is the new chair for both and he has removed several members while adding a few new names at each.
MetroCity in Georgia to buy in-state peer First IC Bank
The suburban Atlanta banks, both of which specialize in lending to Korean-American businesses, plan to merge in a $206 million cash-and-stock deal.