FDIC floats counting discount window borrowing toward liquidity
Chair Travis Hill said SVB showed banks can’t always sell securities fast enough to cover deposit outflows, but acknowledged the “stigma problem” with discount window borrowing remains unsolved.
Flagstar CEO recalls tough decisions to ‘right the ship’
At a conference in New York, Joseph Otting reflected on the difficult hiring decisions he made early in his tenure heading Flagstar Bank, which just two years ago was on the verge of collapse.
What BILL Holdings gets from the JPMorgan Wallet
Back-office automation fintech BILL Holdings is using JPMorgan Payments white-label digital wallet to subledger its own clients’ accounts. Reconciling client payments for BILL’s corporate card, the BILL Divvy Card is the company’s first use case.
How the World Cup showcases payment tech
Like the Olympics, the event is used to push and measure engagement and appetite for emerging checkout options.
Treasury, agencies propose KYC rule for stablecoin issuers
The Treasury’s Financial Crimes Enforcement Network and federal banking and credit union agencies limited issuers’ know-your-customer obligations to direct-to-consumer services, preliminarily rejecting a “global” customer due diligence requirement they say is unfeasible.
JPMorganChase blocks Hong Kong staff from using Claude
The bank is following in the footsteps of Goldman Sachs, which made a similar move in April.
Banks have ‘commitment’ issues with the new Basel proposal
A potential deletion from a longstanding regulatory definition has banks questioning how to classify vast swaths of their lending books.
Dallas’ allure to out-of-state banks remains strong
At least nine Dallas-area institutions have agreed to sell themselves since late 2024, with the Oklahoma City-based MidFirst Bank’s deal for Dallas Capital marking the latest transaction.
What early mortgage feedback has been like for Basel
As the capital rule’s comment period closes, some experts express concern about proposed changes that may impact nonbanks reliant on warehouse financing.
The customer authentication gap banks can’t afford to ignore
As banks have adopted multifactor customer authentication systems, they have inadvertently made it more difficult for many disabled customers to access their accounts. The fix is less complicated than it appears.