TD reports progress on turnaround as AML efforts press on
The Toronto-based bank reported higher revenue across the entire company, including in the U.S., and kept expenses in line with its previous projections.
Senate tees up housing bill, but what’s in it is unclear
Senate Majority Leader John Thune, R-S.D., moved to consider the housing package next week, but it’s not clear what version of the bill senators will be voting on as the House, Senate and White House are still negotiating priorities.
OCC proposes comprehensive stablecoin framework
The agency’s 400-page GENIUS Act proposal sets capital, reserve and operational rules to govern how stablecoin issuers may operate.
Exclusive: Lawmakers introduce bipartisan FHLB bond bill
The bill, offered by Sens. Catherine Cortez Masto, D-Nev., and Todd Young, R-Ind., would allow Federal Home Loan bank members to establish tax-exempt community infrastructure development bonds.
Oregon community bank ceases mortgage operations
Willamette Valley Bank cited consumer shifts to nonbanks and stubborn interest rates behind the decision, joining a line of institutions to exit since 2025.
Comptroller Gould minimizes leading bank concerns in hearing
Comptroller of the Currency Jonathan Gould took several assertive stances at a Senate Banking Committee hearing Thursday, minimizing concerns about banks’ potential compliance costs to collect citizenship data and sidestepping questions about World Liberty Financial’s trust charter application.
Banks face risks, opportunities from card surcharges
Recent reports from JD Power suggest that more customers choose payment alternatives to avoid surcharge fees.
Community banks should grab the opportunities created by stablecoins
Noelle Acheson argues that stablecoins can help community banks deepen relationships with their customers, help them explore new forms of capital formation and strengthen their own exposure to risk.
How Santander plans to avoid US ‘graveyard’ for European banks
At an investor day in London, Banco Santander executives laid out the Spanish company’s new financial goals, including a goal to improve a key profitability metric in the U.S. The pending acquisition of Webster Financial in Connecticut is part of the strategy to achieve higher returns, they said.
WisdomTree gets SEC approval for 24/7 trading
The investment broker announced a real-time trading and settlement option for its tokenized money market fund through USDC stablecoins and the ethereum ledger.