Cross-border payments remain vexing for consumers, businesses
There are regulatory and technology efforts to reform international payments, but it’s a multifaceted, long process. Swift, The Federal Reserve, and fintechs like Wise and Revolut are pushing potential solutions. Here’s what banks need to know.
Inflation up modestly in September; Fed on track for cut
The Bureau of Labor Statistics released its latest Consumer Price Index reading Friday morning, showing inflation rose by 0.3% in September, slightly below August’s pace. The report also found core inflation steady at 3.0%, even as shelter costs eased and gasoline prices spiked.
Flagstar reports another net loss amid ongoing revamp
The Long Island-based bank hasn’t been profitable in eight quarters, but executives maintain that it’s on the right path, citing more loan book diversity, lower expenses and an improved margin.
The next Epstein is probably already here, hidden in plain sight
Disgraced financier Jeffrey Epstein continued to receive privileged access to financial services well after his crimes were revealed. This exposes a troubling side of the U.S. banking industry that deserves closer examination.
Three C-suite bankers on how to manage every generation
From baby boomers’ family needs to the fearlessness of Gen Z, three bank executives discussed the work habits of different age groups at American Banker’s Most Powerful Women in Banking conference.
BofA seeks to dismiss COVID-era unemployment fraud claims
The bank asks a federal court to toss claims from five certified classes, arguing victims have been paid and that fraudsters are included in the suit.
BNY sees blockchain as future of finance infrastructure
BNY’s Carolyn Weinberg believes blockchain technology could be the key to an always-on operating system for the New York-based custody bank.
Atlantic Union plans more branches to speed Carolinas growth
The Richmond, Virginia-based bank expects to build 10 branches in Raleigh and Wilmington, North Carolina, over the next three years. M&A is on the back burner as the company also works to capitalize on its recent acquisition of Sandy Spring Bank in Maryland, CEO John Asbury said.
Press Release: Federal Reserve and FDIC Release Public Sections of Resolution Plans for Several Large Banking Organizations
PRESS RELEASE | OCTOBER 23, 2025 Federal Reserve and FDIC Release Public Sections of Resolution Plans for Several Large Banking Organizations WASHINGTON – The Federal Reserve Board and the Federal Deposit Insurance Corporation today released the public sections of resolution plans for 15 large banking organizations, including five domestic and 10 foreign banking organizations. These […]
Customer use of AI agents will depress profits: McKinsey
The agents could overcome the consumer inertia that keeps people in low-yield bank accounts, the consultants say.