Americas
Banking and finance news from North America, Latin America, and the Caribbean
OpenReserve wins preliminary OCC approval to charter blockchain-native national bank in Utah
OpenReserve Bank received preliminary conditional approval from the Office of the Comptroller of the Currency on 2 September to organise a full-service national bank, subject to raising at least $210 million in paid-in capital.
BofA assigns three senior bankers to deepen coverage of AI ecosystem clients
Bank of America has assigned senior bankers Gregg Nabhan, Jill Schwartz and Ray Wood to work across industry groups and deepen relationships with clients in what the lender describes as the "AI ecosystem."
Revolut secures conditional OCC approval for US national bank charter with $95 million capital floor
Revolut received preliminary conditional approval from the US Office of the Comptroller of the Currency for a national bank charter, it announced on 3 September, subject to a $95 million minimum capital requirement.
TD Bank Group announces senior leadership appointments effective 4 September 2026 under CEO Raymond Chun
TD Bank Group has named Vlad Shpilsky Group Head of Global Technology and Solutions and appointed Renu Gupta Chief Strategy and Commercial Officer and Paul Whitehead SEVP, Global Corporate Services, as COO Taylan Turan departs.
US Senate Judiciary Committee presses UBS with 62 questions on Credit Suisse Nazi-linked accounts
The Senate Judiciary Committee demanded fresh answers from UBS on Credit Suisse's Nazi-era accounts, with chairman Charles Grassley putting 62 questions to the Swiss lender in a previously undisclosed July letter.
Brazil's central bank liquidates Trustee and Banvox, freezing controllers' assets over rule violations
Banco Central do Brasil decreed the extrajudicial liquidation of Trustee and Banvox DTVMs on Thursday, citing grave violations of legal norms, with the two firms jointly holding under 0.001% of national financial system assets.
SoFi and Payward link banking rails to Kraken markets in settlement partnership
SoFi Technologies and Payward announced a strategic partnership on 3 September under which Payward joins the SoFi Exchange Network, lists SoFiUSD on Kraken, and supplies liquidity to SoFi's 15.8 million members.
Bank of Canada holds overnight rate at 2.25% in September for seventh consecutive meeting
The Bank of Canada left its overnight rate at 2.25% on Wednesday, flagging stronger upside risks to inflation as data continues to track the July MPR forecast.
Apple must face Fintiv trade secret and racketeering claims over Apple Pay, Georgia judge rules
A federal judge in Atlanta denied Apple's motion to dismiss Fintiv's Defend Trade Secrets Act and federal RICO claims over Apple Pay, sending the case into discovery while dismissing one Georgia racketeering count.
Materiality, not paperwork: the OCC–FDIC reset and the global test for risk-based bank supervision
A joint OCC–FDIC final rule ties MRAs and unsafe-practice findings to material financial harm, after 36 comments on the proposal; in Europe the ECB, with around 12,000 open measures at end-2025, is pruning low-severity findings too.
US identity fintech Socure raises $156 million at $5.2 billion valuation led by Summit Partners
Socure raised $156 million in a strategic growth investment at a $5.2 billion valuation led by Summit Partners, with an accompanying acquisition of AI firm Fravity.
TD Bank Group reports Q3 2026 net income of C$4.6 billion; adjusted EPS tops consensus
TD posted Q3 2026 reported earnings of C$4.6 billion and EPS of C$2.74, up from C$1.89 a year earlier, with adjusted EPS of C$2.77 topping consensus of C$2.47.