Minnesota credit union is launching its own stablecoin
St. Cloud Financial Credit Union will be issuing its own stablecoin at the end of this year, becoming one of the first U.S. credit unions to do so.
Auto lender’s bankruptcy sets off scramble after alleged fraud
Creditors of the subprime auto lender Tricolor, which filed to liquidate in bankruptcy this month, are staking their claims on the company’s remaining assets.
Affirm, Klarna, deepen ties with Apple
The two BNPL giants’ pay-over-time loans will now be available for in-store purchases on Apple Pay in a move to capture more sales at brick and mortar stores.
NY regulator tells banks to monitor customers’ crypto risk
State regulator says blockchain tools are key to detecting money laundering and sanctions violations.
Visa targets wealthy consumers in the UAE
Visa is introducing a premium service to the Middle East, and Lloyds Banking says its cash protection product is showing results. Plus, Brex teams up with Doordash and more in the American Banker global payments and fintech roundup.
A battle over stablecoin caps is brewing in the U.K.
The Bank of England may cap ownership, drawing ire from crypto groups that claim that will hinder innovation.
Senate report: KPMG ignored red flags before 2023 bank failures
A report from Democratic staff on the Senate Permanent Subcommittee on Investigations said accounting firm KPMG gave Silicon Valley Bank, Signature Bank and First Republic clean audits despite internal warnings, fraud allegations and apparent risks of failure.
2025 The Most Powerful Women in Banking Top Team: Bank of America
The goal of the regional banking team members is to partner across their respective business lines or service areas to bring in more clients to BofA and to better serve existing clients.
2025 The Most Powerful Women in Banking Top Team: Hanmi Bank
Led by chief SBA lending officer Anna Chung, the team oversees Hanmi’s Small Business Administration lending operation, a longstanding component of the $7.8 billion-asset company’s business model.
2025 The Most Powerful Women in Banking Top Team: Wilmington Trust
Led by Jennifer Warren, who serves as the head of Wilmington Trust, the teamwork resulted in over $2 billion in revenue expansion for the institutional client services division.