Truist to sell asset management arm; PayPal's stablecoin bet
American Banker
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Truist keeps downsizing with deal to sell asset-management business: The North Carolina bank agreed to offload Sterling Capital Management to Guardian Capital Group in Toronto. It's the latest step in the effort to simplify Truist . (Complimentary access)
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New CSBS chief warns Washington against sidelining state agencies: Brandon Milhorn, the new CEO of the Conference of State Bank Supervisors (CSBS), used the platform offered by his first major speech to sound an alarm against one-size-fits-all solutions emanating from Washington. "The pendulum has swung too far in the direction of federal regulatory uniformity," Milhorn argued.
How PayPal's small investment in a fintech is a big bet on its stablecoin: PayPal hopes to demonstrate its coin's utility by using it to take a stake in a company called Mesh.
LendingClub exits OCC agreement, sees path for faster growth: San Francisco-based LendingClub entered into a pact with its regulator when it acquired Radius Bank three years ago. "The operating agreement, by design, in some ways slows you down," said CEO Scott Sanborn.
Read more on OCC regulation: Vast Bank in Oklahoma exits the crypto market
How to apply for the Best Credit Unions to Work For 2024: The registration deadline for this year's annual ranking is April 19.
Join us to experience the most exciting developments in payments at this year’s?Payments Forum, March 27-28, 2024?at the Diplomat in Hollywood, Fl.?
Great insights, Robert! In light of the challenges we face in cybersecurity, it's important to remember that -The only way to do great work is to love what you do- Steve Jobs. Let's continue to combat cyber threats with passion and resilience ?? #cybersecurity #innovation #SteveJobs Wisdom