Basel draft leaves nonbank warehouse financing in limbo
A new Basel III proposal offers mixed results for warehouse lending, with some risk-weight relief for banks but tougher terms that could crimp credit availability for nonbank mortgage lenders.
Capital One pushes deeper into AI, business payments
Closing its Brex acquisition adds a corporate-focused fintech and new agentic commerce tools to an already considerable consumer payments division.
Florida de novo group set to exit the starting blocks
Organizers of the Winter Park-based Portrait Bank said they exceeded their capital-raise target by a wide margin, clearing the path for a June soft launch.
A ‘blockchain dividend’ awaits banks that update their ledger systems
Banks’ core ledger systems are a sclerotic holdover from the past. The future belongs to the banks that set them aside and allow transactions to close in real time.
How AI is breaking the financial services learning curve
Emerging forms of artificial intelligence are moving so fast, traditional IT training isn’t an easy fit. New research from American Banker shows how banks are handling training.
Fed’s Jefferson ‘cautious’ about labor market gains
Federal Reserve Vice Chair Philip Jefferson said in a speech Tuesday that despite positive employment readings in recent months, he remains concerned that an economic shock could still threaten the labor market.
Santander, Webster name key business leaders ahead of merger
Santander U.S. and Webster Financial are doing integration work in advance of their pending merger, including naming business-line leaders, the banks said in separate notes.
FDIC proposes GENIUS regime, AML rollback and final debanking rule
The FDIC board voted unanimously to issue a proposal putting a rebuttable ban on bank-issuers paying yield on stablecoins, another narrowing AML requirements and a third prohibiting examiners using reputational risk in exams, outside of operational or financial risks.
Chime moves further up market with prime offering
The neobank is rolling out Chime Prime, a new membership service that rewards customers for making Chime their primary bank account.
U.S. Bank signs on as NFL’s bank and wealth management partner
The Minneapolis-based company plans to leverage the arrangement to draw more attention to its growing list of national business lines, transcending its regional reputation.