Key Takeaways Senators urged regulators to revisit digital asset capital standards affecting banks. The disputed 1,250% risk weight can require capital equal to exposure. Potential rule changes could reshape institutional participation in bitcoin markets. Senate […]
Unrealized losses on the balance sheets of US banks rose in the first quarter of 2026, marking the first quarter-on-quarter increase since the fourth quarter of 2024. According to the latest report on institutions under […]
A US regulator says a former bank teller stole tens of thousands of dollars from two elderly customers and then tried to blame it on them. The Federal Deposit Insurance Corporation (FDIC) says Hailee T. […]
The brokerage, investing and financial advisory arm of Wells Fargo is highlighting one market sector that could benefit immensely from growing investments in artificial intelligence (AI) and data centers. Wells Fargo Advisors says that the […]
A security breach that compromised the computer system of a Wisconsin-based financial services firm has placed the sensitive data of 27,076 people at risk. In a notice dated May 29th, KerberRose Wealth Management tells potentially […]
An Alabama-headquartered bank with $157.4 billion in consolidated assets has agreed to settle allegations stemming from its forgiveness of a pandemic-era business loan. The US Department of Justice says that on or about August 3rd, […]
The CEO of financial services titan JPMorgan Chase says banks will fight back against the CLARITY Act, the landmark crypto bill that seeks to establish a regulatory framework for cryptocurrencies and digital assets in the […]
A former employee of TD Bank may spend decades behind bars after carrying out a bank fraud scheme that led to millions of dollars in losses. In a statement, the US Justice Department says that […]
Key Takeaways The Wall Street Journal reports JPMorgan, Citi, BofA and Wells Fargo plan a tokenized deposit network via The Clearing House by 2027. JPMorgan’s JPM Coin already runs on Coinbase’s Base for institutional clients, […]
A former bank employee will spend the next six years behind bars after draining hundreds of thousands of dollars from customer accounts. Ex-First National Bank of Commerce employee and Pocahontas, Arkansas resident Heather Pankey pleaded […]
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