Virginia bank eyes growth after ending feud with large borrower
Carter Bankshares wants to widen its footprint in the Carolinas and may look to buy a bank, especially in South Carolina, where it set up a loan production office in November. The Virginia bank recently resolved a long-running dispute with a major commercial borrower.
Coinbase cuts 14% of staff, citing crypto slump and AI
CEO Brian Armstrong said the company will flatten its org chart to five management layers and concentrate hiring around “AI-native” pods.
How banks reach for the ‘top of the wallet’
If a card is immediately not easy and safe to use in an external app, consumers will quickly turn to another card, executives from Regions Bank, Pinnacle Financial Partners and Barclays warned American Banker’s Payments Forum.
Mythos is ‘very high risk’: JPMorganChase’s Jamie Dimon
Dimon spoke Tuesday at an Anthropic event alongside Anthropic CEO Dario Amodei.
Negotiators brush off bank concerns with stablecoin-yield compromise
Sens. Thom Tillis, R-N.C., and Angela Alsobrooks, D-Md., said that they “agree to disagree” with bank lobbyists on their objections to their newly released stablecoin-yield provision.
Wells Fargo continues recruiting run with $1.6B AUM UBS team
Wells’ latest advisor recruiting coup comes just days after it pulled over a 19-person team formerly managing nearly $6 billion at Morgan Stanley.
How Wells Fargo deploys AI in payments
Ather Williams III, Wells Fargo’s head of global payments and liquidity and wholesale digital, discussed the changing payments landscape and how banks can stay ahead during the keynote address at American Banker’s Payments Forum 2026.
Fannie, Freddie investors risk ‘zero earnings’ through ’33
The GSEs’ financials are strong but odds are against a short-term change to conservatorship that would give stockholders access to their profits, Mizuho said.
Press Release: FDIC Issues List of Banks Examined for CRA Compliance
PRESS RELEASE | MAY 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 February 2026. […]
The crypto “one-stop shop” is a solution nobody actually wants
Mainstream financial services firms moving into the crypto realm are rightly skittish about consolidating trading, custody, lending, staking and settlement in a single provider. The crypto industry is, instead, entering a world of “co-opetition.”