Banking
Earnings, deposits, regulation, and the institutions reshaping retail and commercial banking.
41% of Community Banks Plan Core System Migration by 2028, Jack Henry Survey Shows
A wave of core banking system replacements is building among institutions under $10B in assets, driven by API limitations and competitive pressure from neobanks.
Citi Wealth Launches Tokenized Deposit Product for Ultra-High-Net-Worth Clients
Citi becomes the first U.S. G-SIB to offer tokenized deposits to wealth management clients, enabling 24/7 programmable transfers and instant settlement between accounts.
Wells Fargo Deploys AI-Driven Branch Staffing Model Across 4,500 Locations
Wells Fargo completes rollout of an ML-based workforce scheduling system that adjusts branch staffing in real time based on foot traffic predictions and transaction mix.
Regional Bank Deposit Costs May Have Peaked: 73% of Mid-Size Lenders Cut CD Rates in April
A FinServ Pulse analysis of 340 regional and community banks shows three-quarters reduced promotional CD rates in April, signaling the deposit pricing war may be ending.
FDIC Proposes Digital Asset Custody Framework Allowing Banks to Hold Crypto on Balance Sheet
The FDIC issues a proposed rulemaking that would let insured banks custody digital assets without the punitive capital treatment that has blocked adoption since 2022.
BofA Q1: Consumer Deposits Surge 8% While Personal Lending Stays Flat Amid Rate Uncertainty
Bank of America reports deposit growth outpacing lending demand for the third consecutive quarter, signaling consumer caution despite a strong labor market.