Why a New York crypto license still matters to Mastercard
Even after the passage of federal legislation governing stablecoins, the card network is covering its bases as it pursues more digital asset products.
CFPB sued over new rule that would weaken fair-lending laws
Housing advocates and compliance firms are suing to block a rule from the Consumer Financial Protection Bureau that they say guts the Equal Credit Opportunity Act.
Fed’s Cook ‘prepared to raise rates’ if inflation persists
The Federal Reserve Board governor is the latest Fed official to embrace the prospect of tighter monetary policy in response to rapidly rising prices that have taken hold in recent years.
Robinhood’s bet on agentic trading and purchasing is ‘wake-up call’
The brokerage fintech launched agentic trading and an agentic credit card today that will allow AI agents to trade equities and make credit card purchases on customers’ behalf. It comes just weeks after OpenAI rolled out its own personal finance tool.
BMO says it’s finished reconfiguration of U.S. segment
The Canadian lender’s U.S. plan involved selling branches and jettisoning certain noncore relationship loan portfolios. BMO is now positioned to achieve its stateside return on equity target, CEO Darryl White said.
FBI: Phishing-as-a-service kit hijacks Microsoft 365
Regulators pushed banks toward multifactor authentication. A new phishing-as-a-service kit, flagged by the FBI, is built to slip right past it.
Bank earnings rise in Q1, though margins tightened
The Federal Deposit Insurance Corp. said banks earned stronger profits and expanded lending in the first quarter of 2026, but at the same time margins shrank and unrealized losses have been increasing.
Webster Investors Approve $12 Billion Purchase by Santander
Spain’s largest lender is looking to buy Webster as part of an effort by Executive Chair Ana Botin to expand in the U.S.
Press Release: FDIC-Insured Institutions Reported Return on Assets of 1.26 Percent and Net Income of $80.5 Billion in First Quarter 2026
PRESS RELEASE | MAY 27, 2026 FDIC-Insured Institutions Reported Return on Assets of 1.26 Percent and Net Income of $80.5 Billion in First Quarter 2026 WASHINGTON—The Federal Deposit Insurance Corporation (FDIC) today released the results of its latest Quarterly Banking Profile, a comprehensive summary of financial results based on reports from 4,278 insured commercial banks […]
Banks should take note of how private credit is repricing
Private credit should no longer be evaluated primarily as a yield story. Under current conditions, the underlying structure of deals is playing a much larger role in determining performance.