A new regulatory era is opening the door to banking innovation
After a nearly two-decade long “ice age” in which few new banking charters were granted, regulators have shrugged off a zero-failure mentality and are allowing some risk back into the system.
Banks spend more on CEO security after 2024 slaying in NYC
Several major financial institutions last year increased their spending on measures to protect top executives, according to public filings. The moves followed the killing of UnitedHealthcare CEO Brian Thompson in December 2024.
‘Watershed moment’: Morgan Stanley enters bitcoin ETF race
The first U.S. bank to offer an exchange-traded product tied to bitcoin saw $34 million in trading on the first day.
New credit card will tap into borrowers’ fossil-fuel rights
Oil rights can be a surprisingly illiquid asset. A fintech called Frontlands is hoping to change that by offering a credit card for the owners of oil wells and other natural resources.
How Adyen is putting its banking licenses to work
The fintech rolled out Intelligent Money Movement, a treasury service that combines payments, liquidity management and disbursements as it looks to capitalize on its multiple banking licenses.
Inside FIS’ plans to meet banks’ interest in digital assets
Most banks are likely not large enough to not support stablecoins and tokenized deposits on their own, creating a new way for legacy IT firms to compete with fintechs.
UMBS a key risk in any GSE ownership change: report
It doesn’t have to be all or nothing, but all paths are complex, capital markets and policy experts in the Treasury Market Practices group say.
Payments fintech Pepper Pay declares bankruptcy
The payments processing firm recently filed for Chapter 7 bankruptcy with a nearly $3 million disputed charge owed to a subsidiary of Global Payments.
Iran ceasefire brings brief reprieve for mortgage rates
The 30-year fixed fell to 6.37% after a two-week ceasefire tempered war-driven volatility, but economists warn the spring housing market faces continued turbulence.
SMBC plans to build a second U.S. headquarters in Charlotte
The construction plan underscores the Japanese banking giant’s intent to remain active in U.S. wholesale banking after selling off American retail and small business units.