CBDCs fall out of favor; analysts slam Global Payments
Canada and Australia de-emphasize government-backed digital currency projects while Morgan Stanley and BTIG criticize Global Payments’ strategy as the processor’s stock slides.
Canada’s interchange cuts add fuel to the move beyond card payments
Interchange reductions for small Canadian businesses join global efforts to curb swipe fees, prompting Visa and Mastercard to diversify
20 credit unions with largest portfolios of home equity loans
The top five credit unions have combined real estate loans and lines of credit of more than $217 million as of June 30.
Banks brace for next hurricane amid emotional Helene relief work
Financial institutions are on the front lines of relief efforts in Tennessee and North Carolina, while in Florida, Hurricane Milton threatens to deal a second blow.