Banking News

CINCINNATI--(BUSINESS WIRE)--Fifth Third (Nasdaq: FITB) today was named Editors’ Choice: Best Lender for Buying Now and Refinancing Later in U.S. News & World Report’s 2026 Lending Awards. The honor reflects the Bank’s leadership in delivering mortgage solutions that support customers navigating today’s dynamic housing market. The recognition also underscores Fifth Third’s innovative approach to helping homebuyers move confidently in a high-rate environment, offering tools and programs that...

SÃO PAULO--(BUSINESS WIRE)--PicPay (NASDAQ: PICS) today announced results for the fourth quarter of 2025. Additional details, including a letter to shareholders, can be found on the company's Investor Relations website at investor.picpay.com/. PicPay will host a conference call and earnings webcast at 5:00 p.m. Eastern Time/6:00 p.m. Brasilia time today to discuss these results. To participate in the conference call, please visit the Events & Presentations section of PicPay's Investor Relat...

FAIRMONT, W.Va.--(BUSINESS WIRE)--MVB has named Monica L. Tressler as Executive Vice President, Chief Deposit Officer....

MINNEAPOLIS--(BUSINESS WIRE)--Ameriprise Financial announced that 208 financial advisors were named to Forbes “Top Women Wealth Advisors Best-In-State” list....

SAN FRANCISCO--(BUSINESS WIRE)--Wells Fargo & Company (NYSE: WFC) today launched a nationwide challenge to uncover scalable, innovative housing solutions designed to help more people find homes across the country. Managed by Enterprise Community Partners, a leading national housing nonprofit, the 2026 Housing Affordability Breakthrough Challenge will award $10 million in grants across five organizations, along with technical assistance, one‑on‑one industry mentorship, and participation in n...

NEW YORK--(BUSINESS WIRE)--KBRA assigns preliminary ratings to 44 classes of mortgage-backed notes from PMT Loan Trust 2026-CNF3 (PMTLT 2026-CNF3), a prime RMBS transaction sponsored by PennyMac Corp. (PennyMac), an indirect, wholly-owned subsidiary of PennyMac Mortgage Investment Trust (PMT). PMTLT 2026-CNF3 comprises 589 agency-eligible, conforming mortgage loans with an aggregate stated principal balance of approximately $322.7 million as of the March 1, 2026 cut-off date. The underlying col...

SAN DIEGO--(BUSINESS WIRE)--Vervent, a fintech leader in the servicing space today announced the launch of Vervent Vendor Surveillance, an independent third-party monitoring solution designed to verify that critical vendors supporting an originator’s key operational functions remain current and in good standing. The new service gives lenders, trustees, agents, and private credit investors an early-warning layer of visibility into operational stress before payment defaults or covenant breaches o...

RALEIGH, N.C.--(BUSINESS WIRE)--On February 13, 2026, QHP Capital, L.P. (“QHP”) announced the closing of a $1.1 Billion single-asset continuation vehicle for Azurity Pharmaceuticals, Inc. (“Azurity”). The transaction provides liquidity to existing limited partners while enabling QHP to maintain control and continue executing on Azurity’s long-term value creation plan. The transaction was led by HarbourVest Partners, LLC (“HarbourVest”), with Pantheon Ventures, L.P. participating as a significan...

NEW YORK--(BUSINESS WIRE)--KBRA releases research examining loss severities in the single-asset single borrower (SASB) commercial mortgage-backed securities (CMBS) sector. SASB transactions have grown to dominate post-global financial crisis (GFC) issuance, and while loan defaults in the sector have risen sharply since the onset of the pandemic, the sector's overall loss rate remains limited, as nearly three-quarters of SASB loans resolved after default experienced minimal to no loss. When loss...

TORONTO--(BUSINESS WIRE)--Northern Trust added more than CAD$90 billion in assets under custody from Canadian asset owners in 2025....