Huntington reports strong returns from its Texas strategy
Senior executives at the Ohio regional bank say cost savings and revenue synergies from a pair of recent Texas deals could top $500 million.
Adyen scanned $1.6 trillion for fraud. Here’s what it found.
The Dutch payment processor says that overall declines in payments crime obscure a broader danger as the threat migrates to hard-to-spot consumer uses and AI.
HFSC Chair Hill optimistic about crypto bill’s passage
House Financial Services Committee Chair French Hill, R-Ark., said he is optimistic that his Senate counterparts will develop compromise language for a crypto market structure bill that President Donald Trump will sign, though some details may be left to regulators to iron out.
Lenders aren’t extending their credit offerings this spring
Originators slightly loosened credit for conventional and jumbo products in May but they’ve held steady after larger growth to begin the year.
Second-lien warehouse facility availability hits 2-year high
The share of warehouse lenders offering funding lines and sublimits for seconds has risen to new heights according to a Mortgage Bankers Association survey.
Convicted FTX founder Bankman-Fried asks for Trump pardon
The former crypto wunderkid added a presidential-pardon application to the long list of attempts to get his sentence reduced.
Why big banks bet on Hyperledger Besu
Citi, DTCC and others are quietly using Hyperledger Besu as a neutral, enterprise-grade blockchain for tokenized deposits and collateral. Daniela Barbosa, general manager of decentralized technologies at the Linux Foundation, explains why.
The FDIC should release more data on deposit behavior during bank runs
The FDIC’s recent analysis of the deposit flight that helped take down Silicon Valley, Signature and First Republic banks in 2023 is informative. However, it leaves unanswered some important questions about regulators’ assumptions related to brokered deposits.
Utah community bank to rename itself as Quill Bank
Capital Community Bank is preparing to launch its fintech-focused rebrand by the end of this month.
Banks take steps to prepare for NYC rent freeze
OceanFirst Financial and Hanover Bancorp are among the banks paring back their exposure to the rent-regulated multifamily loan market in New York City. Mayor Zohran Mamdani has appointed six of the nine members of a board that’s scheduled to vote later this month on a rent freeze.