Bessent puts GSE exit on 2027-2028 agenda, boosting shares
The Treasury official’s comments increased the price of the government-sponsored enterprises’ stock even though he indicated there would be no near-term reform.
Splitit widens its installment lending pitch to skittish banks
The firm, which has long sought to distinguish itself from buy now/pay later fintechs through a different credit model, is adding a white label payment card with small banks and credit unions in mind.
BMO’s top U.S. executive to depart in leadership shuffle
BMO’s U.S. CEO, Darrel Hackett, will retire from that job. Tim Cox, who’s been serving at U.S. general counsel, will become the Canadian bank’s first U.S. country head in eight years.
How Barclays plans to grow its U.S.-based digital bank
Following the acquisition of personal loan originator Best Egg, Barclays is looking to grow its U.S.-based digital bank by cross-selling other banking products to its 25 million customers.
Market HELOCs at local level, not broadly, to be successful
In an increasingly competitive business segment, having the data to do targeted marketing at the neighborhood level will help home equity application conversion rates.
How banks can reclaim cross-border payments
There’s an opportunity to translate security into convenient international transactions.
‘We could lose our edge’: Bankers on competing for digital assets
Banks can’t afford to move too slowly in adopting tokenized assets, speakers at American Banker’s Most Powerful Women in Banking conference said this week.
OCC leaves room for stablecoin yield maneuvers in final rule
The Office of the Comptroller of the Currency dropped a presumption against third-party stablecoin rewards in its final stablecoin rule, opting instead to consider alternative arrangements on a case-by-case basis.
Capital One wrestles with how to best use Discover’s network
CEO Richard Fairbank spoke Tuesday about the credit-card giant’s plans to migrate more accounts onto a network he has called “the holy grail.”
Among $5B+ RIAs, fee-only firms lose market share to hybrid peers: Cerulli
A new Cerulli Associates whitepaper divides RIAs into fee-only firms, hybrid companies and independent firms with insurance licenses. The results offer a striking view of how consolidation is affecting the fiduciary duty in wealth management — and vice versa.