Exit Libor; digital wallet wars; venture capital shifts to funding B2B fintechs

Libor ends next month. Some borrowers may be in for a nasty surprise. : When the once-ubiquitous interest rate goes away at the end of June, some businesses that have older loans may see a sudden jump in their payments. Banks, lawyers and business leaders are doing last-minute work to avoid that scenario.

Sign up here ?to receive American Banker's complete Daily Briefing newsletter — delivered to your inbox every morning.

Venture capitalists look to B2B fintechs as investing market shifts : Fintech VC funding flooded into consumer-focused companies in 2021. Now, the tides are changing.

The next digital wallet war : More than half of U.S. consumers now use digital wallets, according to new data from J.D. Power. But PayPal and 苹果 Pay have a huge lead over rivals, and are already experienced combatants in the battle for consumers' spending.

Read more on payments: PayPal, CFPB resume fight over digital wallets and prepaid card rule

Warren's executive compensation clawback bill gains bipartisan support : Sen. J.D. Vance, R-Ohio, and other Republicans have signed on to a bill that would bolster the Federal Deposit Insurance Corporation (FDIC) 's ability to claw back the compensation of the executives of failed banks.

A pair of branches yields a mother lode of deposits for Florida bank : Cogent Bank in Orlando says it took two branches in the Southwestern part of the state less than three years to amass $400 million of deposits.