Paze’s move beyond big bank owners gets a credit union boost
Like its sibling app Zelle, Early Warning’s digital wallet is trying to build a brand that can attract new members. Star One Credit Union is an early win.
Trovata buys treasury software; fundraises from big banks
The corporate cash management fintech acquired ATOM to extend treasury management services to its business customers and raised funds from PNC and State Street.
BankUnited hires new CFO; Ponce Bank’s CEO to chair CDBA
BankUnited hires Wells Fargo’s James Mackey to be its new chief financial officer; Ponce Bank President and CEO Carlos Naudon is named chairperson of the Community Development Bankers Association; Jefferson Bank announces the retirement of longtime President and CEO Danny Butler; and more in this week’s banking news roundup.
Goldman Sachs staff now write a million gen AI prompts a month
The New York bank is the latest to offer generative AI to all its employees and agentic AI to developers. Chief Information Officer Marco Argenti explained the bank’s next steps with the technology.
Pinnacle-Synovus deal, 2025’s largest, draws market backlash
Investor reaction to the proposed $8.6 billion deal has been sour, with both banks’ share prices falling more than 11% as of Friday afternoon. The response appeared to reflect the market’s distaste for mergers of equals and the risks associated with crossing the $100 billion-asset threshold.
Bipartisan bill seeks to boost affordable housing
The Community Investment and Prosperity Act would increase the statutory cap for bank investment into community development projects, unlocking “billions in capital” that can be directed to affordable housing.
GSEs could exit conservatorship fast, experts say
Given FHFA Director Bill Pulte’s history of making regulatory pronouncements via X, some theorize the release of Fannie Mae and Freddie Mac could occur in the same way.
First Citizens benefits from return of spread income growth
Though loan growth was soft in the second quarter, the Raleigh, North Carolina regional bank is seeing some hope for a second-half pickup. Meanwhile, it benefited from a 2% gain in net interest income.
House advances crypto crime bill with bipartisan backing
The Financial Technology Protection Act would create a task force to stop terrorists and criminals from using digital assets, as lawmakers push for stronger oversight for emerging technologies.
After weak quarter, Sallie Mae foresees big beautiful future
The student loan giant fell far short of Wall Street’s expectations, but its leaders say President Trump’s “Big Beautiful Bill” is likely to bring it billions of dollars in new business.