Americas
Banking and finance news from North America, Latin America, and the Caribbean
United States FinCEN withdrew proposed reporting rules for cryptocurrency mixing
FinCEN withdrew its 2023 finding and proposed reporting measure for international cryptocurrency mixing, citing concerns that its broad definition could burden financial institutions and chill legitimate activity.
Plaid launched AI credit scores for specialised United States lending markets
Plaid launched LendScore 2, specialised lending models and an AI-based risk score, claiming improved prediction and approval results for lenders using consumer-permissioned cash-flow data in underwriting.
Capitolis raised $220 million as banks backed fintech expansion strategy
Capitolis secured $120 million of equity at a $1.9 billion valuation and $100 million of debt, with major banks funding expansion and its planned eSecLending acquisition.
Wall Street banks began syndicating $42 billion of Broadcom-Anthropic senior debt
Bank of America, Citi and Morgan Stanley began syndicating a reported $60 billion financing package supporting Anthropic’s chip leases, including $42 billion of senior secured debt.
Federal Reserve began five-region overhaul of United States bank supervision
The Federal Reserve began reorganising bank supervision into five regions, assigning accountable leaders while preparing broader asset-threshold reforms intended to align oversight more closely with institutions’ risks.
Rain filed for US trust bank charter to support stablecoin payments
Rain said it applied to form a national trust bank that would hold digital assets, manage stablecoin reserves and issue or redeem dollar-backed stablecoins for institutional clients.
Modern Treasury sought US trust bank charter for stablecoin custody
Modern Treasury said it applied to establish an OCC-supervised national trust bank that would offer digital-asset and fiat custody while leaving its existing payments software business separate.
OKXICE filed to launch round-the-clock US tokenised-stock venue under SEC exemption
The OKX-ICE venture notified the SEC of plans for a round-the-clock venue covering 63 tokenised US stocks, using permissioned blockchain pools under a five-year exemption.
KKR agreed $5.1 billion Gen II acquisition to expand private-markets services
KKR agreed to acquire New York fund administrator Gen II for $5.1 billion, including debt, in a transaction expected to close in 2027 following regulatory approvals.
US CFTC opened federal crypto-market rulemaking after Congress stalled legislation
The US commodities regulator began a federal rulemaking process for leveraged retail crypto trading, proposing a new exchange category and opening a 60-day consultation after Congress failed to pass wider legislation.
US SEC censured JPMorgan over 800 swaps involving disqualified employee
The SEC censured two JPMorgan entities after finding a disqualified employee executed or supervised at least 800 security-based swap transactions between November 2021 and March 2024.
US community banks sued OCC over crypto trust charter framework
The Independent Community Bankers of America sued the OCC, challenging a framework used to approve 21 national trust banks, at least 13 tied to cryptocurrency companies.