New ‘opportunity zones’ will drive investment in underserved communities
As governors prepare to designate new “opportunity zones,” lenders and investors should take advantage of the chance to target capital to communities where it will both do good and generate strong returns.
$1 billion may just become the cost of online banking
The New York AG is alleging banks aren’t doing enough to combat fraud on Zelle, but online fraud might be too big for even the nation’s biggest banks to fight.
Risk hedge or gambling? Prediction market debate persists
Kalshi’s Head of Enforcement Robert DeNault and former CFPB acting Director Mick Mulvaney shared opposing views on the controversial sites at a CFR event.
After rise in deposit costs, Huntington foresees 2H rebound
Some analysts and investors zeroed in Thursday on weaker net interest income guidance. But Huntington executives said they expect strong second-half results.
Pinnacle continues rapid hiring amid Synovus integration
Two quarters after it merged with Synovus Financial, Pinnacle Financial Partners is keeping up the aggressive recruitment it’s known for. Since the start of 2026, the company has hired 124 bankers.
SEC settles Coinbase FOIA suit over crypto records
The Securities and Exchange Commission agreed to pay $150,000 to crypto exchange Coinbase to settle a Freedom of Information Act lawsuit filed by the company two years earlier.
Early Warning loses bid to toss NY Zelle fraud suit
A New York judge refused to dismiss Attorney General Letitia James’s suit accusing Zelle’s operator of enabling more than $1 billion in scams.
Banco Popular CEO to retire after only a year on the job
Javier Ferrer, 64, said he is stepping down to focus on his health and spend time with friends and family. He plans to hand the reins to Chief Financial Officer Jorge Garcia.
Report: Fed examiners were ‘untimely’ in closing supervisory findings
Staffers from the Federal Reserve Board and reserve banks took ‘several months’ to update bank supervisory marks after issues were resolved, a recent inspector general report found.
OpenAI’s security incident offers three lessons for banks
The Hugging Face breach gives bank executives reason to rethink some of their technology choices.