Oregon community bank ceases mortgage operations
Willamette Valley Bank cited consumer shifts to nonbanks and stubborn interest rates behind the decision, joining a line of institutions to exit since 2025.
Comptroller Gould minimizes leading bank concerns in hearing
Comptroller of the Currency Jonathan Gould took several assertive stances at a Senate Banking Committee hearing Thursday, minimizing concerns about banks’ potential compliance costs to collect citizenship data and sidestepping questions about World Liberty Financial’s trust charter application.
Banks face risks, opportunities from card surcharges
Recent reports from JD Power suggest that more customers choose payment alternatives to avoid surcharge fees.
Community banks should grab the opportunities created by stablecoins
Noelle Acheson argues that stablecoins can help community banks deepen relationships with their customers, help them explore new forms of capital formation and strengthen their own exposure to risk.
How Santander plans to avoid US ‘graveyard’ for European banks
At an investor day in London, Banco Santander executives laid out the Spanish company’s new financial goals, including a goal to improve a key profitability metric in the U.S. The pending acquisition of Webster Financial in Connecticut is part of the strategy to achieve higher returns, they said.
WisdomTree gets SEC approval for 24/7 trading
The investment broker announced a real-time trading and settlement option for its tokenized money market fund through USDC stablecoins and the ethereum ledger.
Stablecoins draw attention, but are still a tiny market
In this week’s American Banker global payments and fintech roundup, Revolut, Tether and Circle made announcements designed to improve their standing in the stablecoin market. That comes amid new research from McKinsey that says the digital asset is growing quickly, but has not made even a small dent in payments.
BMO says it’s finishing US reset, set to resume loan growth
BMO moved closer to hitting company-wide and U.S. profit targets after reporting increased first-quarter profits.
Anthropic’s AI tool sparks cybersecurity panic
Cybersecurity stocks tumbled after Anthropic unveiled a new vulnerability scanner, prompting vendors to defend their runtime protection platforms.
What Stripe would get by acquiring PayPal
There’s speculation about a potential deal, which could boost Stripe’s merchant appeal and accelerate its agentic commerce strategy. But payment experts also say Stripe could face a bidding war that includes AI companies.