Michigan credit union CEO is out after ‘Lake America’ blowback
The executive privately posted an AI-altered photo of family members wearing “Lake America” sweatshirts while headed to Canada for vacation. A public repost went viral.

Michigan credit union CEO is out after ‘Lake America’ blowback
The executive privately posted an AI-altered photo of family members wearing “Lake America” sweatshirts while headed to Canada for vacation. A public repost went viral.
This paper shows that when global banks face capital constraints, lower domestic interest rates can increase local lending while reducing foreign lending, creating an international transmission channel for monetary policy. spkl.io/633267Tiuy
What Revolut hopes to gain by pushing 'selfie payments'
Revolut's agenda to disrupt banks and legacy payment includes a pair of new features designed to ease checkout by leaning on facial #Biometrics
Fed proposes #Stablecoin rules
In a statement issued alongside proposed rules,
Fed Gov. Michael Barr said stablecoins “will only be stable if they can be reliably and promptly redeemed at par in a range of conditions.”
Europe has a single currency and a Single Market — but still no truly single banking market. UniCredit is testing that contradiction. Europe wants European champions. The trouble starts when someone actually tries to build one.
The Clearing House chose Quant to build the plumbing for a bank-owned tokenized deposit network. QNT jumped 39 percent, but banks pay in dollars.
#Banking #ClearingHouse #Qnt #Quant #Stablecoins #TokenizedDeposits
Odds Now At 50% (UNCERTAIN) the United States Prime Rate Will RISE to 7.25% After the October 28, 2026 FOMC Monetary Policy Meeting
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#PrimeRate #FedPrimeRate #Banks #Banking #Money #Loans #Lending
Why BMO has regained confidence in its US strategy
The bank expects to deliver on its U.S. return on equity target of 12% by Oct. 31, 2027.
FIDO wrestles with agentic trust
The industry consortium and payments players are considering standards for #AgenticCommerce, particularly for verifying identity.
New York sues Polymarket, alleging 'illegal gambling'
Consumer adoption of online betting platforms was up 40% in July and first-time use was up 3x compared to the start of the year, according to BofA consumer data.
Seven UK banks move: That could be a much bigger shift than it sounds.
#TokenizedDeposits #Banking
Kroger’s #AI focus is on ‘flexibility and control’
From bridging the digital and physical shopping worlds to further ramping effective #Personalization, the grocer’s CDO delved into the company’s priorities.
Amazon blocks Meta’s #AI shopper
The #eCommerce giant said Meta had failed to notify it about the Muse agent accessing its retail site to make purchases on behalf of consumers.
Embattled California bank is latest to fail
Nano Banc's failure is the sixth of 2026, a significant uptick compared with two failures each in 2024 and 2025.
The Fed voted 7-0 to propose stablecoin reserve and capital rules for banks under the GENIUS Act, with a 60-day comment window and a January 2027 deadline.
#Banking #Fed #GeniusAct #Regulation #Stablecoins #Tether #Usdc
🇪🇸 Spanish banks Santander and BBVA have secured roles in two major Uber transactions as they expand their US investment-banking businesses.
#EU #Spain #Santander #BBVA #Uber #DeliveryHero #Glovo #Banking #InvestmentBanking #Finance