The Prime Rate Explained: How It Is Set and What It Moves
Learn what the prime rate is, how banks set it 300 basis points above the Fed funds rate, and how it directly affects credit cards, HELOCs, and loans.
Banking & Finance
Coverage of banks, financial technology, lending, payments, and financial-sector transactions. We explain the balance-sheet, regulatory, and capital-market details that matter to investors.
American Savings Bank Prices $129M NYSE IPO at $16
American Savings Bank priced its upsized NYSE IPO at $16 per share, raising $128.9M in a rare 100% secondary bank listing under ticker ASBH.
Grab to Buy 60% of Atome for $1.5B in Staged Fintech Deal
Grab agreed to acquire a 60% stake in Atome Financial for $1.49B in cash, accelerating Southeast Asian digital lending expansion with a staged buyout path.
Fed’s Post-QT Pivot: +$275B Treasuries, -$191B MBS YoY
Six months after the Fed ended balance sheet runoff, its portfolio shows a clean pivot: Treasury holdings up $275B YoY, agency MBS down $191B.
All 32 Banks Pass Fed 2026 Stress Test in $708B Scenario
Fed’s 2026 DFAST: all 32 large U.S. banks would survive a severe recession, absorbing $708B in losses while staying above CET1 minimums. Key numbers inside.
Mercury Raises $200M at $5.2B, Bids to Be a Real Bank
Mercury’s $200M Series D at a $5.2B valuation, led by TCV, signals fintech’s funding recovery as the startup pursues a U.S. national bank charter.