US seizes $84.2M from Capstone account tied to Tether-linked payments group
Federal authorities moved to seize funds from the accounts of a payments firm with alleged ties to stablecoin issuer Tether, extending scrutiny of crypto-linked
Pluang · +2 outlets
Wells Fargo names COO Scott Powell as next chief risk officer
Powell succeeds retiring Chief Risk Officer Derek Flowers in mid-January, the latest leadership change as the bank moves into a new phase.
Bankingdive · +14 outlets
Citi, JPMorgan reportedly in talks to join OpenAI IPO bank lineup
The reported roles signal how large banks are positioning for what could be one of the largest tech listings.
Stocktwits · +3 outlets
IRDAI commission-cap proposal triggers selloff in Indian banks, NBFCs and insurers
The regulator's proposed cap on loan-insurance bundling and bancassurance commissions hit stocks including PB Fintech, with Jefferies flagging NBFC exposure.
Moneycontrol.com · +7 outlets
21 global banks commit to joint dollar stablecoin for 2027
The consortium effort points to banks building shared tokenized settlement rails rather than ceding the ground to crypto-native issuers.
startupfortune.com · +11 outlets
JPMorgan, Citi plan tokenized bank network for 2027
The network would let participating banks settle deposits on shared tokenized infrastructure, a notable bank-led blockchain push.
CoinMarketCap · +14 outlets
BofA plans to double AI budget next year as returns come into focus
The bank's co-president cited clearly identifiable gains from AI even as investors question how soon ROI will materialize.
Bankingdive · +9 outlets
The Clearing House taps Quant for tokenised deposit network
The bank-owned payments operator is building tokenized deposit infrastructure, with Canada's banks exploring similar efficiency gains.
Finextra Research · +5 outlets
Bond market selloff sends yields to multi-decade highs, putting dividend stocks at risk
Rising yields are prompting fund managers to take a more defensive stance as higher rates test income-oriented equity strategies.
24/7 Wall St. · +14 outlets
Blackstone to land $1.71bn CMBS refi for US industrial portfolio
The refinancing shows securitized lending markets reopening for large commercial real estate owners.
pei-privaterealestate.com · +1 outlets
Paychex Q1 earnings rise as PEO revenue outlook increases
The payroll and HR services provider beat estimates on revenue growth of 6% and raised its PEO and insurance outlook.
TradingKey · +6 outlets
Goldman Sachs said to have earned over $200M in fees this year from Situational Awareness
The reported fee haul underscores how concentrated advisory and financing revenue can flow from a single client relationship.
Seeking Alpha · +13 outlets
Fintech Avant applies for OCC national bank charter
The Chicago-based lender says a charter would let it expand credit products and cut its cost of funds.
Bankingdive · +6 outlets
Brookfield's GGP scores $800M CMBS refi for Oakbrook Center
Another large CMBS refinancing signals renewed lender appetite for retail and commercial property assets.
therealdeal.com · +4 outlets
WestStar expands New Mexico footprint with Southwest Capital acquisition
The deal, set to close in Q1 2027, gives Southwest Capital a landing spot after a prior credit union tie-up collapsed.
Bankingdive · +4 outlets
Bank of America battles for talent as business banker hiring surges
BofA's Sharon Miller said competitors are chasing small-business owners as a source of cross-selling leads.
Bankingdive · +4 outlets
Sensex plunges over 1,200 points, Nifty drops below 23,100
Indian equities fell sharply, with the selloff coming alongside the insurance commission reform proposals.
The Times of India
Citigroup cuts Goldman Sachs price target to $1,050
The target change reflects revised analyst expectations for the investment bank's earnings outlook.
MarketBeat · +1 outlets