Man extradited in $29M fraud case probed by FDIC monitor
The scheme used fake bank reps, social engineering and crypto to loot U.S. accounts across borders, according to the agency’s Office of Inspector General.
Circle adds global stablecoin partners; Ramp’s AI push
The USDC issuer has added fintechs from Brazil and the U.K. to boost distribution. Plus, Klarna pumps the gas on AI and more in the global payments and fintech roundup.
Bank M&A hasn’t been slowed by tariff uncertainty: report
Even as unpredictable trade policies slowed down mergers in other sectors, banks have kept inking M&A deals at the same pace, according to a new report.
How JPMorgan’s ‘deposit token’ shakes up crypto payments
The banking giant’s JPMD sounds like a stablecoin, but it isn’t exactly the same thing. Here’s why that matters.
HSBC weighs asking staff to work in office three days a week
Under the bank’s current system, individual managers have the freedom to set their own in-office staffing rules based on their business requirements.
Sunshine Act Notice: FDIC Board of Directors Meeting
SUNSHINE ACT NOTICE The FDIC Board of Directors will meet in open session: Date and Time: Thursday, June 26, 2025, at 10:00 a.m. Place: The Board meeting will be open to public observation by webcast. Members of the media should contact the Office of Communications by Tuesday, June 24, at mediarequests@fdic.gov to attend in person from […]
Banks have optimized for efficiency at the cost of customer trust
Automated systems respond poorly when confronted with edge cases and unfamiliar circumstances. But those are exactly the moments when a customer’s trust in a bank is either established, or lost forever.
Road to $3.7 trillion stablecoin market is full of obstacles
The Senate’s passage of stablecoin legislation marks a leap forward for the potential mainstreaming of cryptocurrencies that track the U.S. dollar, but there are still problems to solve before banks and businesses can capitalize on the opportunities.
Morgan Stanley’s top Asia banker targets $10 billion revenue
A widening array of investment banking and trading initiatives across the region is likely to put Morgan Stanley’s Asia revenue over the $7.64 billion it posted last year, Asia chief Gokul Laroia said.
If the CFPB goes away, what happens to its authorities?
The Trump administration is seeking to fire roughly 90% of the Consumer Financial Protection Bureau’s staff and is fighting for that right in court. But if the administration prevails, can other consumer protection authorities from other federal regulators pick up the slack?