Section
Banking
Wise bank charter rejection sends shares down 11% on OCC denial
Wise bank charter rejection sent the fintech’s shares down as much as 11% and forced a reset toward a GENIUS Act trust-bank plan.
Macquarie names Greg Ward CEO in banking strategy bet
Macquarie named Greg Ward chief executive, putting its banking head atop the group as stronger dealmaking and capital-markets activity shape strategy.
Blackstone's AirTrunk loan makes AI debt harder to ignore
Blackstone AirTrunk loan talks show AI infrastructure is moving deeper into syndicated credit as banks test limits on data-center exposure.
Stablecoins vs banks: reserves, redemptions and risk
Stablecoins vs banks hinges on reserves, redemption rights and backstops: issuers hold cash-like assets, but they do not make insured deposits.
Asia's AI trade is turning into a Wall Street bank revenue line
Asia AI trading is lifting Wall Street bank revenue as Goldman and JPMorgan book more financing, derivatives and chip-linked flow.
Bank of America names new crypto and AI leaders
Bank of America named Sonali Theisen and Kevin Milsom to run digital-assets and AI work in markets, formalizing both as bank infrastructure.
UK buy now, pay later rules: what changes in 2026
UK buy now, pay later rules bring BNPL under FCA oversight, adding affordability checks, refund rights and Ombudsman access.
BlackRock Q2 profit rises 20% as assets hit $15.3tn
BlackRock Q2 profit rose 20 per cent and assets under management hit a record $15.3 trillion as net inflows reached $192 billion.
Freedom Holding (FRHC) share sale raises $300m for expansion
Freedom Holding share sale raised $300 million as the brokerage group funds expansion into Turkey and other markets without adding debt.
United Community (UCB) clears Peach State deal to close Aug. 3
United Community's Peach State deal is set for an Aug. 3 close after regulators signed off, with shareholders due to elect cash or stock by July 20.
Circle OCC approval: trust bank opens without reserve control
Circle OCC approval gives the USDC issuer a national trust bank for custody, while direct reserve management remains a later step.
Swift tokenized deposit pilot adds 17 banks to 24/7 payments
Swift tokenized deposit pilot puts 17 banks into a 24/7 cross-border payments test built to keep settlement on regulated bank rails.
HSBC private-credit pullback adds fresh banking stress
HSBC private-credit pullback points to tighter bank underwriting after a $400 million hit and new strain in fund finance.
Mubadala opens $25bn credit arm to outside investors
Mubadala opens a $25 billion credit arm to outside investors, adding $4.65 billion to a push into private lending as demand holds.
Cash hoarding keeps banknote demand high as card use grows
Cash hoarding helps explain why banknote demand stays high even as card payments grow, exposing shadow-economy use and crisis saving.
Britain’s consumer-credit stress is becoming a bank-risk story
UK consumer loan defaults hit their highest level since 2009, giving British lenders an early warning on provisions, pricing and consumer strain.
Plaid IPO talks test fintech listing window after reset
Plaid IPO talks put an $8 billion valuation back before public markets, offering a fresh test of whether fintech listings can clear after the sector reset.
Stablecoin law could drain community bank deposits
Stablecoin law could pull deposits from community banks, lobby groups say, threatening $850 billion of local lending and higher funding costs.
Indonesia banks repatriate $640M as Prabowo risk rises
Indonesia banks repatriated $640 million since 2024 as Prabowo's state-led turn deepened fears over rupiah pressure and local funding.
JPMorgan (JPM) succession narrows after Lake exit, $30m awards
JPMorgan succession narrowed after Marianne Lake's exit as Doug Petno and Troy Rohrbaugh received $30 million retention awards.
Applied Digital (APLD) expands revolver, $2B preferred capacity
Applied Digital expanded a $430 million revolving credit facility and lifted preferred-equity capacity to $2 billion as APLD shares fell 4.18 per cent.
Robinhood (HOOD) raises $2.2bn in 0% convert, funds buyback
Robinhood convertible notes raised $2.2bn at a 0.00 per cent coupon, with $290mn used the same day to repurchase shares.
Fed stress test 2026 clears big banks for higher payouts
Fed stress test 2026 results let big U.S. banks raise dividends and buybacks, giving lenders fresh leverage as capital rules are rewritten.
Kotak Mahindra Bank eyes acquisitions with 23% capital ratio
Kotak Mahindra Bank acquisitions are moving into focus as the lender seeks loan portfolios and other deals to put a 23 per cent capital ratio to work.
Iran banking cyberattack hits 3 lenders, halts card services
Iran banking cyberattack halted card services at three lenders, pressuring ATMs, point-of-sale terminals and mobile apps across the country.
