PNC, Coinbase team up on crypto-as-a-service The nation’s largest crypto exchange and its seventh-largest bank are joining in their “commitment to a more resilient digital financial system,” the firms ...

Synovus had been the subject of merger rumors earlier in the week. The deal could stand as a test case for banks primed to cross the $100 billion-asset threshold amid expected Trump-era deregulation.

The ABA and other trade groups have urged the OCC to delay approving national trust bank charter applications from Ripple, Circle and other crypto firms, citing “substantial concerns.” ...

Ally makes AI platform available companywide The bank’s proprietary artificial intelligence platform, Ally.ai, has been tested with 2,200 employees in marketing, audit and technology over the past 18 ...

Goldman, Citi, BofA CEOs back a free Fed as Trump weighs Powell options The president reportedly brandished a letter firing the Fed chair, then backed off, saying he likely wouldn’t dismiss him ...

BofA, Morgan Stanley, U.S. Bank CFOs push for holistic capital framework review The connection among individual capital rules becomes “important to us as practitioners, because we’re managing all of ...

TD to require execs in office 4 days a week starting in October Non-executive employees will follow in November, the bank said, subject to space availability. With the move, Canada’s four largest ...

Fintech trade groups seek Trump aid on open banking Fintechs and merchants urged the president to take on big banks and let the CFPB’s open banking rule move forward.

The treasury secretary’s latest comments contrast with his earlier alleged role as peacemaker. The president, meanwhile, continued to rail against the Fed chief and the outlet that characterized ...

Dive Deposits: Fake Powell resignation catches senator off-guard Sen. Mike Lee, R-UT, posted and deleted a potentially AI-generated letter concerning the Fed chief. Meanwhile, a White House rep ...

Integration costs will surpass the original $2.8 billion estimate, CEO Richard Fairbank said Tuesday. Capital One reported a $4.3 billion second-quarter loss.

OpenAI’s Altman didn’t expect banks to take to AI so soon Financial institutions have been surprise early adopters of ChatGPT, and the AI industry is on the advent of “intelligence too cheap to meter, ...