US bank stocks post longest losing streak since 2008 despite strong Q3 earnings
Regional and large bank shares have fallen sharply over recent weeks even as third-quarter results beat expectations, prompting debate over what is driving the
TradingView · +10 outlets
OCC issues final rule banning direct stablecoin yield payments to customers
The rule prohibits stablecoin issuers from paying yield directly to customers but leaves third-party yield arrangements to case-by-case review.
Bankingdive · +10 outlets
JPMorgan, Citi plan tokenized bank network for 2027
Wall Street banks are pursuing tokenized deposits as a new revenue stream, a theme that surfaced repeatedly on third-quarter earnings calls.
CoinMarketCap · +14 outlets
Wells Fargo reports Q3 profit growth as analysts split on stock
Wells Fargo's third-quarter earnings beat drew mixed analyst reactions, with Morgan Stanley raising its target and Citigroup cutting its own.
AD HOC NEWS · +14 outlets
Banks move to block AI agents from customer accounts amid deposit flight fears
Lenders are restricting third-party AI agents from transacting on customer accounts, citing risks to deposits and oversight.
CU Today · +2 outlets
PNC CEO says agent-only transactions will never happen
Bill Demchak said letting AI agents transact on customer accounts could mess with people's lives, even as PNC invests heavily in internal AI.
Bankingdive · +1 outlets
FDIC's Hill weighs agentic AI impact on deposits and supervision
The FDIC chairman said AI could make supervision and failed-bank resolution more efficient while raising questions about deposit behavior.
Bankingdive · +2 outlets
Chubb reports record core operating income, net premiums written of $15.1B
Chubb posted core operating income of $7.66 per share with P&C and life premiums both up about 1.9% and 1.4% respectively.
TradingView · +2 outlets
BMO names Tim Cox as US CEO, succeeding retiring Darrel Hackett
BMO's US general counsel and chief regulatory officer will take over the US unit as its current chief retires Nov. 1.
Bankingdive · +6 outlets
Bank of America returns to debt market after $8 billion sale last week
The bank is issuing fresh debt shortly after a large sale, a signal of continued funding activity among large lenders.
Bloomberg.com · +14 outlets
Goldman, Citi see warming signs in China's housing market with 2027 pivot
The banks flagged tentative stabilization signals in Chinese property, a key source of global credit risk.
South China Morning Post · +2 outlets
Ramp applies for national trust bank charter from OCC
The fintech's application follows its $1.85 billion funding round and a banking trade group lawsuit over a wave of trust charters.
Bankingdive · +14 outlets
Cross River to acquire customer-loyalty specialist Accrue
The $8.5 billion-asset bank said the deal adds a branded-wallet platform and stored value to its embedded finance offering.
Bankingdive · +6 outlets
Michigan credit union DFCU Financial to buy Florida's Gulfside Bank
The deal fills a coverage gap between Tampa and Fort Myers and marks the credit union's fourth Florida expansion.
Bankingdive · +6 outlets
TabaPay says failed Synapse talks led it to pursue Denver's Transact Bank
CEO Rodney Robinson said buying Synapse would have been a half measure, so the firm opted to acquire a bank outright.
Bankingdive · +1 outlets
Piramal Finance net profit rises 67% as net interest income zooms
The lender's growth faces pressure from proposed changes to insurance commission rules that could hit its 3% ROA target.
TradingView · +6 outlets
Bajaj Finance shares fall 3% after Q2 results
Analysts weighed whether the pullback creates a buying opportunity after the Indian non-bank lender's second-quarter report.
Livemint · +1 outlets
NBFCs face biggest IRDAI commission risk as insurance income hits up to 38% of profit
Proposed changes to insurance commission rules could hit non-bank lenders that rely heavily on distribution income.
Moneycontrol.com