Bank ransomware threat LockBit appears to be on the decline
The group was still the most active such gang last year, but its activity appears to have been severely hampered by law enforcement.
Don’t worry about China meddling with bitcoin reserves
Non-stablecoin cryptocurrencies have no inherent value, so creating a federal “reserve” of them is absurd on its face. Chinese hacking of bitcoin will have no significant economic impact.
New Jersey bank points to hopeful signs despite another quarterly loss
The Rutherford-based Blue Foundry Bancorp reported an eighth consecutive quarter of red ink, but a widening margin and positive loan growth trends hint at better times ahead.
FDIC’s Synapse rule, a Treasury breach: Top tech news January 2025
Pressing tech items across banking include the Federal Deposit Insurance Corp.’s impending Synapse rule and Regions Bank’s play for an open banking future.
Trump’s DEI order collides with the FDIC workplace scandal
President Trump’s executive order is meant to roll back his predecessor’s emphasis on diversity and inclusion, but it could also complicate the Federal Deposit Insurance Corp.’s efforts to correct its own workplace-harassment problems.
Capital One outage, CFPB uncertainty: Top banking news January 2025
Capital One’s five-day interruption, President Trump’s planned dismantling of the Consumer Financial Protection Bureau and more this month.
The CFPB’s recent lawsuits cement the case for its dissolution
A trio of high-profile lawsuits issued at the tail end of the Biden administration indicate that the agency cares more about pursuing a political agenda than it does about helping American consumers.
Mastercard’s product diversification drives earnings beat
The card network touted value-added services such as technology and security as its fourth-quarter performance came in ahead of Wall Street analysts’ expectations.
Banks are counting on this one segment to drive loan growth
During fourth-quarter earnings calls, bank leaders said they don’t expect borrower demand to pick up until the second half of 2025. But to the extent there’s optimism, it involves business lending.
Trump Media launches financial services and fintech brand
Truth.Fi will offer ETFs, cryptocurrencies and crypto-related securities.