Private credit making itself at home at Federal Home Loan Banks
What do you get when you put two boring, safe industries together with one super-exciting, possibly dangerous industry? We’re apparently going to find out.
Is private credit a new risk for the Federal Home Loan banks?
Life insurers’ borrowings from the Federal Home Loan banks has increased in recent years, raising concerns about opaque, private credit investments and how it intersects with the Federal Home Loan banks’ housing mission.
Domino effect: How Iran war impacts farms, transport and banks
As gas prices surge, small businesses — particularly in agriculture and transportation — have struggled to keep up. For banks, this has brought a combination of short-term benefits and long-term concerns.
Chime hits GAAP profitability in Q1
The neobank reported a 25% year-over-year increase in revenue for the quarter ended March 31, with active users jumping 19% to 10.2 million. The company also raised its full-year 2026 guidance and authorized a $200 million share repurchase program.
Erebor Bank hits $1.1 billion in deposits in 7 weeks
The newly opened bank founded by big tech executives reached the deposit milestone within its first quarter of operations, according to a recent call report.
Why US Bank built its own BNPL program
Banks are mixed in their adoption of buy now/pay later and installment lending, according to American Banker research. Those that offer or are planning to offer it say that the primary motivating factor is to stay competitive.
Four areas to watch as Citi lays out its multiyear blueprint
On Thursday, Citi will hold its first investor day in four years. The megabank, which has undergone substantial change under CEO Jane Fraser, is expected to share its strategy for driving higher profitability, deploying AI and ramping up shareholder returns.
Where AI in banking is running into roadblocks
Citi payments exec Driss Temsamani said there’s more work needed to bridge gaps to enable artificial intelligence to work broadly for payments and finance.
Anthropic launches bank-friendly AI agents, vendor alliances
In addition to 10 new AI agents for financial services, the company announced partnerships with software and data providers FIS, Microsoft, Verisk, Third Bridge, Fiscal AI, D&B, Experian, GLG, Guidepoint and IBISWorld.
Morgan Stanley debuts crypto trading, undercuts rivals on price
The pilot program offers rates better than Coinbase, Robinhood and Charles Schwab and will be rolled out to all of Morgan Stanley’s 8.6 million E-Trade users later this year.