Citibank News
U.S. banks plan shared tokenized deposit network to counter stablecoin risk
Large U.S. lenders are preparing a joint blockchain-based deposit system as competition from crypto payment tokens intensifies. The planned network, targeted for the first half of 2027, is aimed ...
Amerant Bancorp profile highlights Florida community banking expansion
Amerant Bancorp Inc. is a Coral Gables, Florida-based bank holding company with $9.9 billion in assets and a commercial banking focus in southern and central Florida. The group’s current ...
Bank of America backs Wells Fargo shares as valuation discount widens
Wells Fargo shares are under pressure in 2026 as investors reassess the bank's exposure to private credit and leveraged loans. Bank of America says that weakness has left the stock trading below ...
Pennsylvania Turnpike Commission bonds retain AA-/K1+ bank-enhanced ratings
The Pennsylvania Turnpike Commission's variable rate turnpike revenue bonds, second series of 2019, continue to hold bank-enhanced ratings at AA- with a Stable Outlook and K1+. The affirmation ...
U.S. Supreme Court ruling strengthens consumer protections in banking
A unanimous U.S. Supreme Court decision is reshaping the legal framework for financial transactions by giving greater weight to consumer rights. The ruling is expected to affect banking practices ...
Aldbrook Mortgage Transaction 2025-1 ratings confirmed after annual review
Aldbrook Mortgage Transaction 2025-1 plc keeps its existing credit ratings following an annual review of the mortgage-backed notes. The review reflects low arrears, no cumulative defaults or ...
Castell 2025-1 notes see Class X1 upgrade in Morningstar DBRS review
Castell 2025-1 PLC's annual securitisation review leaves most note ratings unchanged while lifting the Class X1 tranche. The rating action reflects updated loan performance data, revised default ...
Trump urges U.S. banks to expand immigrant financial access
The Trump administration is pressing financial regulators to support broader banking access for immigrants as it ties financial inclusion more closely to economic policy. The push reflects a wider ...
Minnesota banks, credit unions gain authority to offer crypto custody services
Minnesota is expanding the role of state-based financial institutions in digital asset services after Governor Tim Walz signs a law allowing certain crypto custody activities. The measure takes ...
Wells Fargo Securities commercial paper program receives F1+ rating from Fitch
Wells Fargo Securities has secured the highest short-term rating from Fitch for its commercial paper program, supporting its near-term funding capacity. The program allows up to U.S.$10 billion of ...
BA Credit Card Trust class A notes receive Fitch rating with stable outlook
Bank of America's latest credit card securitization comes to market with collateral metrics that remain broadly steady as of the March 2026 collection period. The class A notes in BA Credit Card ...
Senate panel to examine Fed reserve interest program's impact on banks and taxpayers
A Senate hearing is set to scrutinize how the Federal Reserve's Interest on Reserves Balance policy shapes support for major lenders and affects taxpayers. The session centers on whether the ...
Fitch Ratings affirms AIB and Bank of Ireland ratings after criteria update
Irish lenders AIB Group plc and Bank of Ireland Group plc retain their ratings after Fitch Ratings updates its bank rating criteria and completes a broader regional review. The agency says the ...
Wall Street banks expand tokenization use as client demand lifts transaction volumes
Large financial institutions are integrating blockchain-based rails into core market infrastructure as corporate clients seek faster, always-on money movement. Executives from Citigroup, JPMorgan ...
American Express credit account master trust certificates keep Fitch AAA ratings
American Express's credit card securitization trust retains top long-term ratings from Fitch as receivables performance remains steady through April 2026. The agency says low delinquencies, ...
Morningstar DBRS assigns provisional ratings to UK SME loan securitisation
The deal packages loans to UK small businesses and sole traders into a cash flow securitisation with a largely unsecured portfolio and a short weighted-average life. The provisional ratings cover ...
DTCC sets July 2026 pilot, October launch for DTC tokenization service
DTCC is moving ahead with a new tokenization service at its Depository Trust Company unit, with more than 50 financial firms involved as the market infrastructure group pushes deeper into digital ...
Citigroup ratings affirmed by Fitch as outlook turns positive
Citigroup gains a more favorable credit outlook as its multiyear overhaul begins to translate into stronger earnings quality and a lower risk profile. The revision to Positive from Stable comes ...
Fitch Ratings affirms F1+ rating on Tender Option Bond Series 2025-XL0721 trust
A change in liquidity support for Tender Option Bond Series 2025-XL0721 leaves its top short-term rating in place after amendments to the trust's legal documents. The action also maintains the ...
U.S. House Financial Services Committee reviews revised bank capital proposals
U.S. lawmakers are reviewing revised bank capital rules as policymakers weigh financial stability against the need to preserve lending and market activity. The hearing examines updated Basel ...
Senate Democrats press bank regulators on Trump credit card rate cap enforcement
U.S. bank regulators are facing fresh political scrutiny over the lack of visible enforcement tied to President Donald Trump's announced 10% cap on credit card interest rates. Senator Elizabeth ...
