Dutch neobank Bunq reapplies for a U.S. bank charter
The Netherlands-based digital bank Bunq filed its second U.S. charter application this week after successfully receiving a broker-deal license late last year.
AI startup Pluto launches private market lending platform
Investors in alternative assets like private equity, private capital and venture capital often lock their money in for years, but Pluto’s founders say its marketplace matches these wealthy investors who need cash with banks and investment firms willing to lend against those illiquid assets.
Broad global uptake of dollar-denominated stablecoins is no sure thing
Noelle Acheson questions the optimistic forecasts of global dollar stablecoin adoption, pointing out that they overlook the friction of local politics.
Small California bank lands investment from local farm giant
One of the leading makers of pre-packaged salads has acquired a 16.3% stake in Salinas, California-based Pacific Valley Bank. “It’s a real vote of confidence,” the bank’s CEO said.
JPMorganChase takes over Apple Card from Goldman Sachs
The deal ends more than a year of speculation of who would take over Apple’s coveted credit card portfolio.
Trump crypto venture World Liberty applies for bank charter
World Liberty Financial, a crypto venture co-founded by President Trump, applied for a national trust charter with the Office of the Comptroller of the Currency. The move comes as several prominent crypto companies have applied for and received conditional approval for trust charters since the beginning of the Trump administration.
Rep. Hill rolls out community bank deregulation package
House Financial Services Committee Chairman French Hill’s community-banking package includes reciprocal deposits, tailoring and many other items on community bankers’ wish lists.
Bowman details regulatory relief agenda for community banks
Federal Reserve Vice Chair for Supervision Michelle Bowman outlined several priorities affecting community banks, including potential changes to asset thresholds for smaller institutions.
Lloyds pushes tokenized deposits
The U.K. bank has completed a payment using the stablecoin alternative; while Revolut is trying to acquire Turkish neobank FUBS. Plus: execs tied to the Wirecard scandal are on their way to prison and more in the American Banker global payments and fintech roundup.
Barclays backs US startup for stablecoin clearing
The bank is investing in Ubyx to help traditional financial institutions settle stablecoin payments and compete with nonbank fintechs.