Lessons learned from a bank that survived Hurricane Helene
Queensborough National Bank & Trust did not expect that its branches would be in the path of Hurricane Helene. Getting its buildings up and running again was a physical and technological ordeal.
Tokenization spearheads a movement transforming financial services
Embracing the integration of TradFi and DeFi through tokenization is not just a trend — it is a necessity as we reshape the financial industry to drive growth and resilience in an increasingly complex world.
Gen Milley warns bankers: Don’t shrink from global responsibility
Stark warnings about emerging dangers and the perils of isolationism from the former top military official in the U.S. resonate with attendees of the American Bankers Association convention.
First Foundation take its lumps over CRE loans it plans to sell
The Dallas-based bank swung to a loss in the third quarter after reclassifying a large bundle of multifamily loans that it plans to offload under a recently announced strategy pivot.
Visa beats forecasts on revenue and earnings
The credit card processing company posted a strong end of its fiscal year, but many headwinds loom over its fiscal 2025.
‘We’re the people’s choice’: SoLo Funds gets a Congressman’s backing
The online lending marketplace provider now has the support of Jonathan L. Jackson, an Illinois representative. It’s also facing lawsuits from the CFPB and customers.
Chase sues 4 customers over TikTok check fraud ‘glitch’
The supposed glitch was simply check fraud. The bank is suing four people who allegedly took as much as $290,000 from the bank as part of the scheme.
SBA loan sizes keep falling as banks lean into small-dollar lending
The average size of a Small Business Administration 7(a) loan has fallen to just over $400,000, a level last reached in 2017, according to agency statistics.
Treasury launches new financial inclusion push
Treasury Secretary Janet Yellen announced an initiative aimed at enhancing financial inclusion. The plan includes calling on U.S. banks to participate in upholding fairness and expanding consumer financial access.
Rep. Torres ‘cautiously optimistic’ about passage of trigger leads bill
The lawmaker said leadership on the House Financial Services Committee is supportive of the legislation, which would limit the ability of credit-reporting agencies to sell homebuyer information to financial service providers.