The biggest US banks proved to the Fed they would all be able to withstand a severe global recession, demonstrating strength while they push regulators to adjust a set of proposed capital rules.
U.S. Bancorp's (USB) subsidiary, Elavon, launches a new Elavon Cloud Payments Interface API. The API is set to streamline digital and in-person payments for hotels and other hospitality entities.
M&T Bank's (MTB) division, M&T Realty Capital's collaboration with BXMT, enables the latter's borrowers' expanded access to multifamily agency financing.