Anchorage gets $100 million from Tether to fuel crypto race
The support from the stablecoin provider follows a string of tech firm acquisitions as Anchorage Digital broadens its crypto services.
Bessent pressures crypto ‘nihilists’ on market structure bill
Treasury Secretary Scott Bessent appeared to urge the crypto industry to deal with bankers in the yield stablecoin issue during his regular testimony in the Senate Banking Committee Thursday.
Community bankers distrust the Fed, fear nonbank competitors
American Banker’s 2026 Predictions report finds that nonbank entities and check fraud are major threats to local banks in the coming months.
Mortgage rates nudge higher as markets stay jittery
Mortgage rates edged higher after the Fed held rates steady, with markets weighing political shifts, Treasury moves and mixed signals on where borrowing costs head next.
BofA reworks credit cards to fuel ambitious consumer profit plan
This month, Bank of America plans to unveil new incentives for cardholders with higher account balances. Reworking the rewards program is one lever the firm is pulling in its effort to lift the annual profit of the consumer unit to $20 billion by the end of the decade.
Press Release: FDIC Issues List of Banks Examined for CRA Compliance
PRESS RELEASE | FEBRUARY 5, 2026 FDIC Issues List of Banks Examined for CRA Compliance WASHINGTON – The Federal Deposit Insurance Corporation (FDIC) today issued its list of state nonmember banks recently evaluated for compliance with the Community Reinvestment Act (CRA). The list covers evaluation ratings that the FDIC assigned to institutions in November 2025. […]
Stablecoins are becoming an instrument of US fiscal policy
Noelle Acheson argues that growing demand for dollar-denominated stablecoins is going to give the Treasury Department increasing influence over the direction of the U.S. economy, perhaps at the cost of the Federal Reserve.
‘This is an arms race’: Banks cope with AI-faked documents
Fraudsters and modestly dishonest employees can use generative AI to quickly create convincing fake utility bills, pay stubs, passports and other documents banks rely on.
Fed’s Cook calls recent inflation numbers ‘disappointing’
Federal Reserve Gov. Lisa Cook said in a speech Wednesday night that the central bank’s credibility depends on its ability to bring inflation back to its 2% target.
Deal gives Santander ‘final step change’ needed for U.S. growth
The Spanish banking giant is accelerating its U.S. growth plans with the pending acquisition of Webster Financial in Connecticut. The combined entity will be the second-largest foreign-owned bank operating in the country.