Coinbase shoots for crypto’s ‘AWS moment’
The cryptocurrency company has entered partnerships with big banks and payment giant Klarna in recent days. Coinbase exec Brett Tejpaul says the GENIUS Act is creating an opportunity to sell a broad range of digital asset technology.
St. Louis man sentenced to six years for check fraud scheme
Terron T. Brown used stolen mail and social media recruits to defraud banks such as PNC and Bank of America of millions, highlighting a rising industry threat.
CFPB to refund $46 million to Synapse victims
Some consumers have been waiting a year and a half to get their money back.
HSBC recruits ex-Citi executive Ida Liu to lead private bank
Ida Liu, who resigned from Citi earlier this year, will join HSBC on Jan. 5 as the CEO of the private bank. Liu will be tasked with accelerating the growth of the private bank “at a defining moment for wealth,” she said in a LinkedIn post.
Long-awaited Bank Secrecy Act reform may finally be on the way
It is long past time to revisit the regulatory regime implementing the Bank Secrecy Act. In a good sign, key elements of the Trump administration seem to be in alignment on reform.
Deal propels Virginia’s Burke & Herbert into Pennsylvania
Once its second deal in less than three years closes midway through 2026, the Alexandria-based company will operate more than 100 branches and hold $11 billion in assets.
Finastra accelerates its global push with new offices
The bank technology company is adding offices in the U.S. and India as part of its quest to reach clients outside of its U.K. home base.
Inside Klarna’s agentic AI protocol
The Swedish financial institution has developed an open standard that allows merchants’ products to be catalogued and discovered by AI agents. It was designed to complement Stripe and OpenAI’s Agentic Commerce Protocol.
Visa, Mastercard make a global push for mobile wallets
The card networks have entered a series of partnerships in Europe and Asia amid signs of growing demand and Apple’s waning control over the underlying technology.
Mercantile gets green light to buy Eastern Michigan
Mercantile’s pending acquisition of Eastern Michigan is approved by the Federal Reserve Bank of Chicago; the National Community Reinvestment Coalition and Rise Economy announce a $2.5 billion addendum to Columbia Bank’s community benefits agreement following its acquisition of Pacific Premier Bank; the Federal Reserve Board and CFPB raise the thresholds for certain credit and lease […]