Payment fintechs invest in stablecoin, but where are the users?
Stripe, Circle and Ripple all made deals in recent days to boost scale for a form of cryptocurrency that has struggled to reach mainstream consumers and businesses.
Santander launches its digital bank in the U.S. market
Openbank, which has operated in parts of Europe for years, should help the Spanish bank to fund its U.S. auto lending business, executives said.
Evolve Bank says it will start returning money to Synapse end users
A consulting firm hired by the bank, Ankura, has reconciled ledgers between Synapse and its partner banks, Evolve says.
How The Most Powerful Women to Watch bet on their futures — and won
Many of this year’s honorees took a chance on their future careers by asking questions, jumping into unknown markets and believing in their ability to get the job done.
FHFA proposes major corporate governance changes for Home Loan Banks
The Federal Housing Finance Agency issued a proposed rule for the Federal Home Loan Bank System that allows the FHFA director to set “reasonable” board compensation.
Fintech startup Totem tried to do everything right. What went wrong?
The consumer neobank, made by and for Native Americans, understood its target audience deeply and had a plan in place to earn revenue beyond interchange fees. Its struggles to get off the ground reflect other challenges — and lessons — for neobanks where a good idea is only the starting point.
Fed’s Logan repeats call to lower rates gradually
Federal Reserve Bank of Dallas President Lorie Logan repeated her call for the U.S. central bank to lower interest rates at a careful pace as the economic environment remains uncertain.
State efforts to set rules for national banks are a dangerous trend
Two former comptrollers of the currency argue that state-level efforts to regulate nationally chartered banks fly in the face of both the law and good sense, threatening to take the country back to the era of “wildcat” banking.
Atlantic Union strikes $1.6 billion deal to acquire Sandy Spring Bancorp
The all-stock deal is among the largest announced in 2024. It would create a bank with nearly $40 billion of assets.
CFPB’s open banking rule: Four things to watch on 1033
The final rule on open banking is expected to be issued any day now by the Consumer Financial Protection Bureau. Banks have raised a host of concerns about liability, fraud and oversight of third-party fintech partners.