Proposed EWA legislation would undercut state regulations
Representative Bryan Steil, R-Wis, and Representative Ritchie Torres, D-NY, introduced a federal earned wage access bill that would prevent EWA from being classified as credit and preempt any state from designating it as such.
Morgan Stanley beats consensus, defends keeping older goals
The investment banking giant reported an 18% increase in net income for the fourth quarter and stuck to its two-year-old financial targets, even as it exceeded some of them.
On-chain vault services could give banks an on-ramp to crypto markets
Noelle Acheson explains how on-chain vaults, born in decentralized finance, could shape the centralized banking of tomorrow.
Goldman surges past estimates, despite Apple Card costs
Goldman Sachs’ fourth-quarter earnings far exceeded analysts’ forecasts, overcoming losses from its consumer-focused Platform Solutions unit.
U.S. Bank gives embedded banking clients a gen AI assistant
The new developer assistant helps corporate clients and partners find and integrate the bank’s APIs into their programs and websites.
A banker’s guide to the Senate crypto bill
Stablecoin yield is expected to continue to be a flashpoint as bank groups look for a blanket ban on crypto exchanges and other nonbanks offering yield-like rewards for holding crypto.
Klarna adds to payments menu; BofE gets heat on stablecoin limits
The Swedish financial institution adds P2P payments as it tries to bolster its neobank aspirations. Payment firms don’t like the U.K.’s potential restrictions on stablecoins and more in the American Banker global payments and fintech roundup.
Bank CEOs warn rate cap would have ‘unintended consequences’
A week after President Trump demanded a 10% cap on credit card interest rates, top executives at big banks protested the idea in blunt terms.
Two-hour outage hits Monzo banking services
Customers reported failed subscription payments and support issues, though a backup system kept some basic functionality online.
Cybersecurity, fraud attacks may cause systemic risk in 2026
Defenses against financial schemes, both physical and digital, could leave executives scrambling to keep up with the pace of bad actors over the coming months.