Survey: U.S. businesses report losing 10% of revenue to fraud
A new survey finds that fraud losses have jumped significantly in the last year, with digital channels and check fraud posing the biggest threats.
Why Comerica finally sold itself — and why it happened now
Comerica Bank in Dallas has been around since before the Civil War. But the banking crisis of 2023 tamped down on its access to low-cost funding, and the problem persisted until it finally decided to sell itself.
Fed’s Barr skeptical that inflation has been tamed
Federal Reserve Gov. Michael Barr said in a speech Thursday that he fears the gradual pace of price increases from tariffs being passed on to consumers may prolong the one-time inflationary effect of the tariffs to the point where it affects consumers’ inflation expectations.
CFPB awarded $111 million from firm that scammed immigrants
An appeals court upheld a nine-figure default judgment against Nexus Services, Libre by Nexus and three individuals who scammed immigrants held in custody by ICE.
‘Give me five trade ideas’: TD’s traders embrace ChatGPT
TD Securities began making OpenAI’s ChatGPT available to traders in June and it’s become a “massive time save,” according to Chief Information Officer Dan Bosman.
Behind the deal: PNC’s whirlwind $4.1B bid for FirstBank
The superregional bank inked its merger agreement with FirstBank just two weeks after it saw the first draft of the agreement.
Bessent: bank asset thresholds need a ‘substantial increase’
Treasury Secretary Scott Bessent Thursday said the bank asset thresholds that trigger enhanced prudential standards like stress testing and additional capital requirements require a recalibration to account for inflation.
Inside a Canadian stablecoin consortium
Canadian banks, financial institutions, fintechs and commerce companies have come together to develop a Canadian-dollar-backed stablecoin that is slated to go live in early 2026. The move comes as U.S.-based banks continue to evaluate their own participation in the post-GENIUS Act world.
As stablecoins proliferate, so will efficiency in the marketplace
Noelle Acheson argues that broad choice between stablecoins is good for users and for the ecosystem — and any confusion can be smoothed by technical and design solutions.
Pulte hints at how Fannie, Freddie may spur builder activity
President Trump wants the two government-sponsored loan buyers to help speed lower-cost home creation and their oversight agency’s director is following up.