In its recently-passed bill, Congress prohibited stablecoin issuers from offering interest, but left the door open to ...

The GENIUS Act defines a payment stablecoin as a digital asset that trades on a public distributed ledger that is designed to facilitate payment. It must be redeemable for currency but is explicitly ...

Fidelity National Information Services (NYSE:FIS), or FIS for short, acquired Amount, a provider of digital banking ...

Could this happen again under the Genius Act? It certainly could. Although it has been virtually never mentioned in the Genius Act announcements and discussion, the act allows uninsured, unsecured ...

The crisis that roiled the U.S. banking system earlier this year after the failures of three relatively large regional banks saw total deposits fall even as insured deposits rose amid the turmoil. The ...

The worst banking crisis since the Great Recession in 2008 happened roughly one year ago, causing four major banks to go under over the course of several weeks last spring. It started with Silvergate ...

The bank posted on X saying it was experiencing “intermittent issues” with online and mobile banking services.

A Federal Deposit Insurance Corp. initiative to revise regulations on brokered deposits is raising concerns among community banks, which are pushing back on the simmering proposal. Put simply, a ...

March 13 (UPI) --President Joe Biden said on Monday that swift action to protect deposits of two closed banks was meant to assure Americans that the U.S. banking system remained strong and head off ...

BMO is likely to sell its U.S. branches, which hold $6B in deposits, as it streamlines operations following its largest deal.

While some Pittsburgh banks saw deposits decline, others experienced growth, reshaping the competitive landscape among the ...

RBI has asked banks to step up efforts to return unclaimed deposits to account holders, nominees, or heirs by December 2025.