Bankruptcy filing ties Tieks CEO to Aspiration scheme
An April 20 bankruptcy filing accuses Kfir Gavrieli of recruiting friends, family and his synagogue to sign sham contracts that inflated Aspiration’s revenue.
What risks do banks, credit unions face from BNPL?
Research from American Banker shows that at least a quarter of all respondents see BNPL as a credible threat to credit card revenue.
Fannie Mae’s portfolio surge is the biggest in over a decade
Freddie Mac was more aggressive than its counterpart for much of the past year but March activity establishes that there’s a different trend at play in 2026.
Citi unveils new profit goals, buyback plan at investor day
The megabank rolled out higher profitability targets on Thursday at its first investor day in four years. Its board also authorized a multiyear share repurchase program of $30 billion.
Crypto guidance is a step forward, but only Congress can finish the job
Interpretive guidance from regulators does not deliver the kind of certainty that companies want as they consider expanding into the world of digital assets. Congressional action on the CLARITY Act is the answer.
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.