Circle President Tarbert: Banks are ‘ideal’ partners
In an interview with American Banker following Circle’s IPO debut, President Heath Tarbert discussed the stablecoin issuer’s go-public timing, the importance of regulation and transparency and how the fintech sees itself working with banks.
Agentic commerce is the moment fraudsters have been waiting for
The government should allow and encourage financial institutions to deploy advanced technologies to protect customers from fraud enabled by agentic AI, instead of punishing them for innovating in response to new threats.
Solid hiring in May undermine calls for Fed rate cut
The U.S. economy added 139,000 jobs, a healthy clip that counters the president’s calls for a rate cut to bolster the labor market.
Has DOGE lost its bite now that Musk is gone?
Elon Musk’s decision to step away from the Department of Government Efficiency has bankers in wait-and-see mode for what policy plays are next.
80% of banks have upped AI spending. Here’s what they’re buying
Large language models, bespoke hardware and embedded AI are attracting banks’ tech dollars, experts say.
Capital One CEO to get one-time award valued at $30 million
Richard Fairbank will receive the restricted stock units in recognition of his work related to the integration of Discover into Capital One, the company disclosed.
Markets may shrug off Trump’s trade tactics, but not banks
Some Wall Street investors are beginning to doubt whether the harshest outcomes of President Trump’s tariff threats will materialize. But in the absence of certainty, banks still face real challenges in M&A and long-term strategy.
Stablecoin bill undermines state banking authority, group says
The National Conference of State Legislatures asked that leading lawmakers strike a provision in the Senate stablecoin bill that they say would preempt state authority to bar state-chartered special purpose depository institutions from operating in their state.
Fed’s Kugler not ready to look past tariff inflation
The Federal Reserve Board governor said higher import tariffs could have a “persistent” impact on inflation.
What we learned at this year’s Digital Banking Conference
Speakers at American Banker’s Digital Banking Conference discussed financial technology trends including digital assets, cybersecurity and open banking.