The news: Rising Treasury yields are squeezing regional bank margins, but many lenders are offsetting the pressure by building fee-based businesses that mirror Wall Street banks, per Telis Demos in The Wall Street Journal. Last week, the two-year Treasury... See more
The news: Advances in APIs and insurance-as-a-service platforms are making it easier for banks to offer insurance alongside lending products, according to a Banking Exchange interview with systems architect Malar Mangai Kondappan. Zooming in: Banks have l... See more
The news: Intercontinental Exchange's (ICE’s) June mortgage performance data shows that the US mortgage market is becoming increasingly regional, with credit performance diverging across the country even as national conditions remain healthy. Although the... See more
The news: Bank of America (BofA) said more than 3 million customers enrolled in its new BofA Rewards program within seven weeks of its May 27 launch, per a press release. The no-fee loyalty program expands eligibility beyond Preferred Rewards, allowing an... See more
The news: The Office of the Comptroller of the Currency (OCC) rejected London-based money transfer company Wise's application for a US national trust bank charter, citing "long-standing" deficiencies in the fintech's anti–money laundering (AML) and counte... See more
