Why Citizens is keeping open banking despite rule rollback
The bank, which has spent years building an advanced data sharing system, says market forces will drive the project more than political support.
TD Bank uses automation to trade more bonds with fewer people
The co-heads of TD Securities Automated Trading estimate that more than 90% of transactions will eventually be automated.
We need a new approach to handling banks hit by unexpected crises
It is past time to rethink how we treat banking organizations in trouble. It is time we work to support institutions in trouble wherever possible, rather than simply punishing the institutions and the public.
DOJ quietly axes more redlining settlements with lenders
Opposition is growing to the Trump administration’s efforts to roll back fair lending requirements for lenders imposed by Biden-era prosecutors.
Many exporters no longer want dollars, US Bank exec says
Paula Comings, the head of currency sales for U.S. Bancorp, said American importers are hearing from their foreign counterparties that they no longer want to be paid in U.S. currency.
Amex plans ‘largest investment ever’ in credit-card refresh
American Express teased updates coming later this year to its travel-focused Platinum credit cards.
Trump remittance tax would spell trouble for banks
The 3.5% excise tax proposed in President Trump’s One Big Beautiful Bill comes with wide-ranging implications for financial institutions engaged in money transmission services.
What Amazon and Walmart can get from stablecoins
The retail giants are kicking the tires on their own currency. The potential prize is a way to reimagine prepaid cards and gain a key position as new forms of artificial intelligence-powered payments take off.
Virginia bank sells stake in doctor-focused fintech partner
Primis Bank plans to sell an undisclosed amount of its 19% ownership stake in Panacea Financial, a digital-only lender focusing on medical professionals and veterinarians. The deal should yield $22 million.
Carefull, Alzheimer’s Association create education campaign
The fintech and nonprofit join others, including AARP and the ICBA, in working to raise awareness of the financial risks of Alzheimer’s and dementia.