Japanese banking giant fortifies partnership with Jefferies
Between 2021 and 2025, the Japanese bank SMBC has raised its stake in the U.S. investment firm from 4.5% to 20%.
Bank of America to pay $5M in securities manipulation case
The U.S. Department of Justice declined prosecution after BofA Securities self-reported the violations and fixed major compliance gaps.
Fed’s Miran says he didn’t promise Trump a dissent on rates
Federal Reserve Governor Stephen Miran said he hasn’t spoken to President Donald Trump since the central bank’s policy meeting this week, and didn’t promise the president he would vote a particular way on interest rates.
PayPal, Google and Mastercard are all in on agentic AI
PayPal, Google and Mastercard in recent days expanded support for agentic AI commerce. Card issuers will need to respond quickly to compete, payment experts say.
Fincen to punt adviser rule, seeks stablecoin feedback
The Treasury Department proposed a rule delaying investment adviser AML requirements to 2028 and sought public comment on implementing regulations for a stablecoin bill passed earlier this summer.
Press Release: FDIC Releases Results of Summary of Deposits Annual Survey
PRESS RELEASE | SEPTEMBER 19, 2025 FDIC Releases Results of Summary of Deposits Annual Survey WASHINGTON – The Federal Deposit Insurance Corporation (FDIC) today released results of its annual survey of branch office deposits for all FDIC-insured institutions as of June 30, 2025. The FDIC’s Summary of Deposits (SOD) provides deposit totals for each of […]
Agentic AI will shake up banking, shrinking global profit pools
Banks need to recognize that agentic AI is almost certain to upend their traditional business models. Early adopters may be able to grab an advantage, while laggards will be fighting over diminished profits.
Euro-Zone finance chiefs agree on key step for digital currency
Euro-area finance ministers agreed on a key step in their efforts to roll out a digital currency, adding impetus to a project that’s becoming an important counterweight to US stablecoins.
The 15-year comeback of Allied Irish Banks
AIB was on the verge of collapse when it was bailed out by the Irish government in 2010. Why did its turnaround, which hit a key milestone earlier this year, take so long?
TD writes big check to a rapidly expanding CDFI
Lendistry, one of the nation’s fastest-growing SBA 7(a) lenders, is getting a $25 million infusion from TD’s community development arm.