Trump backs Durbin-Marshall swipe fee bill
President Donald Trump said that lawmakers should support legislation that would require credit cards issued by most large banks to offer merchants the choice between two unaffiliated card networks, one of which cannot be Visa or Mastercard.
Traders’ bets on Fed cut by June reinforced by softer inflation
Interest-rate swaps showed traders continued to all-but-fully price in a Fed rate cut by the June policy meeting, with some chance of an earlier move.
Four takeaways from JPMorgan’s kickoff to earnings season
Top executives at the nation’s largest bank spoke Tuesday about shifting dynamics in the credit card business, Federal Reserve independence, the bank’s plan to increase spending in 2026 and its large portfolio of loans to nonbank financial institutions.
Trump says furor over Powell probe won’t delay Fed pick
President Trump Tuesday told reporters he would not delay announcing his pick to fill a new vacancy on the Federal Reserve Board despite threats from Republican Senators to block any Fed nomination until a recently-disclosed Justice Department investigation into Fed Chair Jerome Powell is resolved.
Global Payments closes Worldpay purchase, issuer sale to FIS
The $24.3 billion acquisition and $13.5 billion divestiture deal enables Global Payments to focus more on its core payments technology.
BNY surges past Wall Street’s expectations
The custody bank reported a strong fourth quarter, as it continued to push forward with its new operating model. The momentum contributed to the bank’s decision to lay out new financial targets, including a goal to achieve a return on tangible common equity of 28% in the next three to five years.
Press Release: Travis Hill Sworn in as the 23rd Chairman of the FDIC
PRESS RELEASE | JANUARY 13, 2026 Travis Hill Sworn in as the 23rd Chairman of the FDIC WASHINGTON – Travis Hill was sworn in as the 23rd Chairman of the Federal Deposit Insurance Corporation (FDIC). Chairman Hill has served as Acting Chairman of the FDIC Board since January 20, 2025, and previously as Vice Chairman […]
Inflation holds steady at 2.7% as December prices stay hot
The Bureau of Labor Statistics reported Tuesday morning that consumer prices rose 0.3% in December, with annual inflation stuck at 2.7%, lending credence to the Federal Reserve’s cautious stance toward interest rates heading into 2026.
The SEC has finally opened the door to tokenized securities custody
The Securities and Exchange Commission appears to have finally acknowledged that tokenized securities are still … securities. For broker-dealers seeking to offer tokenized securities custody, the path forward is now visible.
JPMorgan’s profit dips as it preps for Apple card portfolio
The largest bank in the country bulked up its reserves by $2.2 billion for potential credit hits from the Apple card portfolio, which JPMorgan announced last week that it would take over from Goldman Sachs.