Are stablecoin-funded IPOs the future of corporate finance?
The recent initial public offering of cryptocurrency exchange Bullish was remarkable in that the company received the proceeds in stablecoins. The move could signal a revolution in finance.
Democrats say leverage proposal won’t help Treasury market
Senate Banking Committee ranking member Elizabeth Warren, D-Mass., led a group of congressional Democrats in a letter to bank regulators telling them that loosening capital rules wouldn’t improve the Treasury market’s functioning.
Why biometric cards haven’t taken off in the U.S.
The cards, which are expensive, have not grown quickly. But payment companies are angling for a pickup.
Critics question stablecoins’ role in the financial system
The dollar-backed digital assets have to clear many hurdles before they find a place in the future of finance, speakers at a Columbia University event said.
S&T Bancorp shuffles board structure as Toretti departs
S&T Bancorp is shuffling its board structure as Chairwoman Christine Toretti plans her departure; Philip Bohi is named general counsel of the American Financial Services Association; Coastal Community Bank appoints Brandon Soto as its new chief financial officer; and more in this week’s banking news roundup.
Citi partners with Euronet’s Dandelion for cross-border payments
The bank teamed up with Euronet Worldwide subsidiary Dandelion for cross-border payments to digital wallets in the Philippines, Indonesia, Bangladesh and Colombia in an optionality play.
Heritage to widen Puget Sound footprint with $176M deal
The Olympia, Washington-based acquirer expects the all-stock acquisition of Kitsap Bank’s holding company to close in the first quarter of 2026.
CFPB drops enforcement actions against two more lenders
Washington Federal Bank and Planet Home Lending are both off the hook for the remainder of their consent orders, which the bureau quietly terminated.
Mid Penn Bancorp plans seventh bank acquisition in 11 years
The Harrisburg, Pennsylvania, community bank agreed to acquire 1st Colonial Bancorp in Mount Laurel, New Jersey, in a $101 million deal that would help deepen its presence in greater Philadelphia.
Filings warn of market chaos if Fed Gov. Cook is removed
Seven filings were submitted in response to President Donald Trump’s request for the Supreme Court to remove barriers from ousting Federal Reserve Gov. Lisa Cook before litigation proceeds. Most filings argued for the Court to deny the president’s application.