FBI: Phishing-as-a-service kit hijacks Microsoft 365
Regulators pushed banks toward multifactor authentication. A new phishing-as-a-service kit, flagged by the FBI, is built to slip right past it.
Bank earnings rise in Q1, though margins tightened
The Federal Deposit Insurance Corp. said banks earned stronger profits and expanded lending in the first quarter of 2026, but at the same time margins shrank and unrealized losses have been increasing.
Webster Investors Approve $12 Billion Purchase by Santander
Spain’s largest lender is looking to buy Webster as part of an effort by Executive Chair Ana Botin to expand in the U.S.
Press Release: FDIC-Insured Institutions Reported Return on Assets of 1.26 Percent and Net Income of $80.5 Billion in First Quarter 2026
PRESS RELEASE | MAY 27, 2026 FDIC-Insured Institutions Reported Return on Assets of 1.26 Percent and Net Income of $80.5 Billion in First Quarter 2026 WASHINGTON—The Federal Deposit Insurance Corporation (FDIC) today released the results of its latest Quarterly Banking Profile, a comprehensive summary of financial results based on reports from 4,278 insured commercial banks […]
Banks should take note of how private credit is repricing
Private credit should no longer be evaluated primarily as a yield story. Under current conditions, the underlying structure of deals is playing a much larger role in determining performance.
The job apocalypse wouldn’t have to be that apocalyptic to still be bad
AI could bring about the worst jobs market in the past century; the good news is we have time to figure out what to do about it.
The largest bank M&A deals are now the fastest to close
The average number of days it takes for large bank M&A deals to close has drastically shrunk from the past two years, according to a new report.
How one family has kept an NYC thrift on an even keel
Maspeth Federal Savings in Queens has been managed by members of the Rudzewick family, led by long-serving patriarch Ken, for nearly three decades.
Coinbase re-launches direct deposit option
The crypto exchange, which closed its original direct deposit service in late 2024, has brought it back for users to set up automated digital asset investing.
Even JPMorgan Payments feels pressure to compete with fintechs
JPMorgan Payments processes about $12 trillion in payments per day globally. It is also the largest credit card issuer and merchant acquirer in the country. But to stay on top, the banking behemoth has made it its business to work with, and think like, nimbler fintechs.