A great crypto shakeout is under way as the industry matures
Crypto is entering its “institutional era” as tokenized assets and stablecoins gain wider adoptions. The trade-off is that only companies that offer real utility to established institutions in the market are likely to survive.
Rising gas prices will hammer already fragile consumers
Gas prices are rising as a large swath of consumers are already under pressure, which could eventually affect demand for credit.
Consumers’ financial vulnerability hits record high: Report
The share of American households considered “financially vulnerable” rose to 17%, the highest level since at least 2018, according to the nonprofit Financial Health Network.
U.S. Bank tops mobile banking ranks for third straight year
The bank was determined, by multiple industry rankings and experts, to be the best mobile banking provider in the U.S.. Bank of America took second place.
Why potential RIA successors walk away — and how to keep them
Succession planning experts say that the possible next generation of RIA owners need clear communication, tangible career paths and thoughtful compensation plans. But that is often easier said than done.
Canada’s biggest banks team up on tokenized deposits
The move came 12 days after Canada’s bank regulator said tokenized deposits are not legally distinct from ordinary deposits.
Are banks falling behind on agentic commerce standards?
Bank of America, Capital One and other large banks have teamed up to publish a set of principles for agentic commerce. But the call for a set of standards from banks comes as other fintechs and payment companies are already forging ahead with the technology.
Texas bank looks to grow in NM by buying Albuquerque lender
WestStar Bank of El Paso is acquiring Albuquerque’s Southwest Capital Bank, bringing it six new branches in New Mexico.
Bank economists see continued growth, persistent inflation
The U.S. economy is expected to keep growing despite nagging inflation, according to the latest consensus report from the American Bankers Association’s Economic Advisory Committee.
PayPal partners with Meta’s Muse AI assistant
As the payment company looks for new ways to drive volume, it’s using the social media company’s personal artificial intelligence to aid shopping and checkout.