Visa extends its on-chain ambitions
The card network expanded work with blockchain firms OwlTing and Tempo, increasing its reach into agentic commerce and stablecoins.
Trump threatens to fire Fed Chair Powell if he doesn’t resign
President Donald Trump said he would fire Federal Reserve Chair Jerome Powell if he does not resign after his term as head of the central bank ends in May. Trump made a similar threat against Fed Gov. Lisa Cook before attempting to fire her last August.
Economic turmoil opens a door for AI-powered B2B payments
Bank of America and Oracle are among those tweaking their treasury management and supply chain technology, partly to address clients that face cash management challenges from geopolitical risk.
Exclusive: Warren to probe Warsh on his role in 2008 crisis
Senate Banking Committee ranking member Elizabeth Warren, D-Mass., is pushing the Federal Reserve for records related to Fed chair-designate Kevin Warsh’s actions as a member of the Fed board during the 2008 financial crisis.
OpenAI acquires personal finance startup
The deal between OpenAI and personal financial management startup Hiro Finance, the second of its kind for the AI company, will lead to the sunset of the Hiro platform next month.
Morgan Stanley reels in record firmwide quarterly revenue
The investment bank reported a surge in net revenues for the first quarter, aided by robust client activity in investment banking and wealth management.
PNC ups guidance after Colorado deal boosts revenue
The Pittsburgh-based bank expanded its geographic footprint — and grew its loans and deposits during the first quarter — with the purchase of FirstBank in Colorado. Expenses also rose as the bank paid up to begin integrating its acquisition.
Fees and equities lift Bank of America above expectations
America’s second-largest bank outdid Wall Street’s forecasts in the first quarter, thanks partly to rising fee income and equities revenue.
Mastercard’s $1.8 billion bet heralds the collapse of financial silos
The credit card giant’s BVNK acquisition wasn’t a bet on crypto hype. It was a hedge against irrelevance. It suggests that the companies that defined the last era of finance are now preparing for a very different future.
AI is the perfect excuse to reintroduce money and morality
The development of artificial intelligence could be used to embed a moral architecture in the new financial system.