What should banks do next to improve online banking?
Financial institutions need to reconsider the logic and intuitiveness of their website design. They could also introduce free credit scores and capitalize on generative AI, experts say.
Mortgage rates soar on inflation news
For the first time since mid-December, the Freddie Mac survey reports mortgage rates over 6.7%.
FDIC Unveils Animated Timeline of Agency’s History and Mission
FDIC CELEBRATES 90 YEARS | FEBRUARY 15, 2026 FDIC Unveils Animated Timeline of Agency’s History and Mission Today, the Federal Deposit Insurance Corporation unveiled an animated timeline of the 90-year history of the agency and its mission. Since its creation in 1933, the FDIC has protected the money people entrust to our nation’s banks. This […]
Fannie Mae’s earnings up along with higher home values
The company was able release credit reserves because of actual and forecasted prices that boosted net income, CEO Patricia Almodovar said.
The Basel III rule would hamstring small businesses like mine
The proposed implementing rule will squeeze credit for entrepreneurs and small businesses, adding more barriers to their success in an already-tight lending environment.
20 fintech and payments M&A deals with the largest volume in 2023
The top five fintech and payments M&A deals had a combined dollar volume of more than $23 billion.
Fed’s Barr: One earnings miss does not a banking crisis make
Federal Reserve Vice Chair for Supervision Michael Barr Wednesday downplayed the significance of recent turmoil at New York Community Bank, noting that liquidity and stability in the banking system is in “much better shape than it was last spring.”
PNC swings back into growth mode with $1 billion branch-upgrade plan
After focusing on cost control throughout much of 2023, including a round of job cuts, the Pittsburgh company has announced plans to expand in high-growth markets like Texas and refurbish more than 1,200 existing offices.
Durbin adds new bipartisan sponsors to credit card bill ahead of hearing
Sens. Dick Durbin, D-Ill., and Roger Marshall, R-Kansas, have added Sens. Josh Hawley, R-Mo., and Jack Reed, D-R.I., as cosponsors to a bill aimed at increasing credit card competition and lowering consumer fees.
Upstart’s stock slumps again amid funding questions
The lending fintech is increasing its reliance on third-party funding arrangements as its revenue slides. Analysts are wondering how much risk is embedded in the deals.