Custodia’s tokenized deposit to be used in 600-bank network
Participate, a loan participation network, has agreed to use tokenized dollars issued by Custodia Bank and Vantage Bank.
RBC says its focus on AI is paying dividends
Royal Bank of Canada is rolling out AI across its businesses in an effort to become more efficient and generate more revenues. The Toronto-based bank recently created an internal AI accelerator that directly reports to CEO Dave McKay.
Inflation drives mortgage rates to 2026 high point
For the second week in a row, the 30-year fixed increased by 11 basis points, Freddie Mac found, a result of reaction to oil price hikes from the Iran conflict.
FDIC Board of Directors Meeting
BOARD MEETING | MARCH 19, 2026 FDIC Board of Directors Meeting Today, the Federal Deposit Insurance Corporation’s Board of Directors met in open session to consider the following matters. Materials and information relative to the open Board actions are available on the Board Matters webpage. Items Addressed in Open Session: Notice of Proposed Rulemaking: Regulatory Capital […]
Elavon’s new CEO gets set to go to work
U.S. Bank’s merchant acquiring group this week named Wally Mlynarski — formerly of Bank of America and a former executive at Evalon — to the top job as AI sweeps over the industry and with fintechs and traditional rivals ready to pounce.
Lower is the target, and victim, in two new poaching suits
The Ohio-based lender is accusing Atlantic Coast Mortgage of stealing customers, while a Chicago bank is accusing Lower of raiding a Maryland branch.
FDIC opens failed bank auctions to private equity firms
The Federal Deposit Insurance Corp. rolled back a 2009 policy that banned nonbanks from buying failed banks, a move the agency says it aims to widen the bidder pool and cut failure costs.
Inside Coinbase Institutional’s ambition to bring its tech stack to banks
Brett Tejpaul, co-CEO of Coinbase Institutional, discussed how the crypto exchange plans to bring its trading infrastructure to more financial institutions.
Fewer buyers are interested in newly built homes
The pace of applications and closings on new construction fell from January, while the average loan size also declined, despite a period of lower rates.
Anthropic, Google on maximizing mortgage AI
AI’s rapid growth also means that even the best crafted plans might need to be adjusted in a few years if not months, Anthropic and Google leaders said at ICE Experience 2026.