Trump’s BLS firing impacts perceptions more than numbers
The removal of the commissioner of the Bureau of Labor Statistics is unlikely to change government data practices in the near term, experts say, but the perception of interference will have a big effect on the credibility of government economic metrics going forward.
Fintech investment holds steady amid trade war
Equity investment in the sector reached $10 billion for two quarters in a row as the sector weathered tariff uncertainty and saw an increase in exit deals.
Trump’s immigration policy is pressuring remittances: Western Union
Western Union’s North American money transfer business logged a decline in cross-border remittance revenue, led by drops in the U.S. to Mexico corridor, its largest remittance stream by far. The company is also bracing for the 1% remittance tax codified in the “Big Beautiful Bill,” a levy that does not directly apply to banks.
Inside a sophisticated, foiled cyber-heist targeting ATMs
A threat group used physical implants and evasive malware to infiltrate ATM networks and attempt fraudulent withdrawals. Here are their tactics and techniques.
How FIS is responding to the stablecoin wave
Unlike rival Fiserv, the bank technology company does not plan to issue its own coin immediately, but it does feel the lure of the broader digital asset market.
NYSE’s Martin says IPO market open for ‘pretty much all sectors’
Lynn Martin, NYSE’s president, said the surge in retail investment bodes well for overall market health.
Citi widens private credit net beyond Apollo deal with new role
The bank is hiring Aashish Dhakad from Ares Management Corp. to become head of private credit origination for North America.
UBS pays $300 million to settle Credit Suisse mortgage case
The bank is working through a list of legal issues it inherited when it bought Credit Suisse in early 2023.
Simmons Bank promotes new CEO as longtime leader retires
Jay Brogdon, currently president of the Arkansas bank, will take the helm at the beginning of next year.
Mortgage lenders stick with Biden-era reappraisal guidance
President Trump and his administration have begun to scrap new mortgage lending guidelines that made it easier for home buyers and sellers to dispute property appraisals, finding that homes owned by racial minorities are routinely valued lower than comparable homes with white owners. But despite the promised regulatory relief, many mortgage lenders say the regulatory […]