Circle is granted a trust bank charter from the OCC
The stablecoin issuer has received final approval from the federal agency to open a trust bank division for custody of digital assets.
FirstSun joins list of banks hit by borrower fraud
The Denver-based bank reported that two loans soured, one due to fraud. A number of other lenders reported sizable fraud-related losses last fall.
Custodia asks Supreme Court to rule on Fed master account
The Wyoming digital asset bank is requesting that the high court review previous decisions granting the central bank ‘unbounded, unreviewable discretion’ in light of its recent Cook and Slaughter rulings. A decision could impact how cryptocurrency intersects with the standard banking system.
How a serial borrower fooled 7 banks out of $39 million
U.S. Bank, Arvest, Old National, BMO and WaFd took the losses in a decade-long scheme the DOJ announced.
Press Release: Kentland Bank Assumes All Deposits of Kentland Federal Savings and Loan Association
PRESS RELEASE | JULY 10, 2026 Kentland Bank Assumes All Deposits of Kentland Federal Savings and Loan Association WASHINGTON — Kentland Federal Savings and Loan Association of Kentland, Indiana was closed today by the Office of the Comptroller of the Currency, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. The FDIC entered into […]
Citi wins bank support for tokenized deposit tools
Bangkok-based The Siam Commercial Bank will use New York-based bank’s 24/7 clearing and tokenized deposit service in a sign that the banking industry is beginning to look past individual tokenized deposit platforms and toward interoperability.
Bernanke joins Anthropic’s oversight trust, JPMorgan inks NBA deal
Anthropic appoints Former Federal Reserve Chair Ben Bernanke to its long-term benefit trust, JPMorganChase signs a multiyear agreement to be the official jersey patch and banking partner of the Dallas Mavericks, Brazil-based Nubank receives full regulatory approval to open Nu Mexico, and more in this week’s banking news roundup.
Trump says he won’t sign the housing bill
The bill, which passed with wide bipartisan support, will become law at midnight if President Donald Trump doesn’t veto it.
CFPB job cuts frozen until a new director is confirmed
A federal judge has put on hold a plan for mass layoffs at the Consumer Financial Protection Bureau until a new, permanent director is confirmed by the Senate. The judge’s order ratifies an agreement on the issue between the CFPB and its union.
Money supply features in first Fed monetary policy report under Warsh
The Federal Reserve’s semiannual monetary policy report — released just days ahead of Fed Chair Kevin Warsh’s inaugural testimony to Congress in his new role — highlights rising inflation and capital investment-driven economic growth.