U.S. Bank, Mastercard take Amazon’s small-business cards from Amex
The Minneapolis-based bank will issue the cards, and Mastercard will act as the network provider. American Express formerly ran the e-commerce giant’s business credit card programs.
Solana 101: What it is and why some banks use it
JPMorganChase, Citi, Bank of America and Anchorage Digital are among the banks that are using or planning to work with the Solana distributed ledger and network. Solana Policy Institute CEO Miller Whitehouse-Levine explains how it works.
Banks are better positioned to benefit from AI than many realize
Despite headlines threatening massive AI-driven disruption of the industry, legacy financial institutions with vast troves of customer data are actually very well positioned to reap the benefits of AI — if they understand how.
Maybe Wells Fargo’s unions need a blockchain
Unionization efforts at several Wells Fargo locations go in reverse, while the buzzy blockchain stuff overshadows the plain fact that customers want products that help them rather than gee-whiz technology.
More Americans asking AI for financial advice: TD survey
A TD Bank survey found a massive increase in the ranks of people who talk to ChatGPT about their finances. Ted Paris, the bank’s head of AI, says banks still have an opportunity here.
Union decertification efforts at Wells Fargo gain steam
Employees at two of the 28 Wells branches where workers previously voted to unionize are now shedding union representation.
Why banks must treat quantum threats as a present risk
Cybersecurity experts at RSAC urged banks to treat the transition to post-quantum cryptography as an enterprise risk, not just an IT headache.
Former Flagstar chairman to step down from board of directors
Alessandro DiNello, who served as Flagstar’s executive chairman in 2024, said he’s leaving in order to enjoy his retirement. Meanwhile, a lawsuit accusing him of various wrongdoings is still pending.
Trump admin rule would open 401(k)s to riskier investments
The Department of Labor proposed a rule that would bring private credit more into retirement accounts, as pockets of the market bubble up and some point to contagion.
U.S. Bank extends loan terms in bid to address affordability
The Minneapolis-based regional bank is extending home-improvement loan durations by as much as two years in a bid to continue capitalizing on a long-running remodeling boom.