Sony gets conditional approval to establish US trust bank
Sony Bank received conditional approval from the OCC to launch a national trust bank subsidiary called Connectia for making its own dollar-backed stablecoins.
Agency MBS issuance slows in June on fewer refis
However, for the second quarter, increased home purchase mortgage activity contributed to an industry-wide 11% increase in agency securitizations, BTIG said.
AI is starting to replace humans in operations, analyst jobs
Banks are freezing hiring in some areas as they deploy more artificial intelligence.
Fiserv’s executive turnover continues with president’s resignation
President Dhivya Suryadevara is leaving the company shortly after assuming the job, the latest move as the company attempts to recover from an earnings slump.
Why some advisors prefer HSAs over IRAs for retirement savings
At face-value, HSAs are for short-term medical expenses, but advisors suggest paying out of pocket to maximize HSA funds for investing and tax-free growth.
Bank runs historically not a ‘death sentence’ for banks: Fed study
Researchers at the Federal Reserve Bank of New York analyzed more than 3,000 historical bank runs and found that weak financial fundamentals — rather than pure depositor panic — determine whether a bank run translates into a bank failure or broader financial crisis.
Visa pushes ‘smartphone pay’ to bridge small-business gaps
The card network embedding technology that enables mobile devices to accept payments without additional hardware.
An ‘always-on’ treasury operation is becoming a banking necessity
To thrive in the new age of real-time payments, banks must invest in a continuous operating model that integrates payments, treasury and working capital into a seamless ecosystem.
PNC Bank rolls out new mobile banking app
The national bank is releasing an upgraded version of its mobile app to its users in phases after absorbing 780,000 former FirstBank customers last month.
Study shows decade-long decline in federal enforcement activity
Counter to prevailing narratives about rules and enforcement activity whipsawing from one administration to the next, public citations by federal banking regulators have steadily declined over the past decade — under both Democratic and Republican administrations.