Analysts look to pinpoint the next bank takeover target – citing First Horizon, Webster and Cadence – as the banking sector comes off its hottest M&A quarter in four years.
City officials filed a lawsuit against the fintech, alleging it operates as a “modern-day payday lender,” charging customers exorbitant interest despite marketing its loans as “zero interest.” ...
A subsidiary of the investment bank carried out invoice “factoring” between the bankrupt auto parts supplier and retailers like Walmart that bought First Brands’ materials.
The lawmaker asked regulators to encourage lenders to be flexible with furloughed workers' temporary hardships. But a White House memo and comments by President Trump leave that prospect unclear.
Fifth Third will acquire Comerica for $10.9 billion in stock, the lenders said Monday, in what would be the largest bank deal announced thus far in 2025. The transaction, expected to close at the end ...
Don McCree is retiring after 10 years with the bank. Ted Swimmer, most recently the bank’s head of capital markets and advisory, has taken McCree’s former post.
The regulator is rolling out changes to its regulation and supervision of community banks – which it now classifies as lenders with up to $30 billion in assets – including giving examiners more ...
Coinbase has been mulling such a move since April. Since then, other crypto firms such as Circle, Ripple and Paxos have applied for a national trust charter.
Versatile Credit’s consumer financing platform can lead to more sales for merchants and increase access to credit for consumers, the issuer said.
Grupo Mexico, a onetime front-runner for Citi’s Mexico retail presence, disclosed a bid to one-up billionaire Fernando Chico Pardo’s play for a 25% stake, and would purchase the rest, too. Citi, ...
From a banking perspective, stablecoins provide tangible efficiencies that address long-standing issues. Cross-border ...
A proposal Tuesday would instruct examiners to issue warnings or fines against banks only for matters that materially affect ...