A ‘blockchain dividend’ awaits banks that update their ledger systems
Banks’ core ledger systems are a sclerotic holdover from the past. The future belongs to the banks that set them aside and allow transactions to close in real time.
How AI is breaking the financial services learning curve
Emerging forms of artificial intelligence are moving so fast, traditional IT training isn’t an easy fit. New research from American Banker shows how banks are handling training.
Fed’s Jefferson ‘cautious’ about labor market gains
Federal Reserve Vice Chair Philip Jefferson said in a speech Tuesday that despite positive employment readings in recent months, he remains concerned that an economic shock could still threaten the labor market.
Santander, Webster name key business leaders ahead of merger
Santander U.S. and Webster Financial are doing integration work in advance of their pending merger, including naming business-line leaders, the banks said in separate notes.
FDIC proposes GENIUS regime, AML rollback and final debanking rule
The FDIC board voted unanimously to issue a proposal putting a rebuttable ban on bank-issuers paying yield on stablecoins, another narrowing AML requirements and a third prohibiting examiners using reputational risk in exams, outside of operational or financial risks.
Chime moves further up market with prime offering
The neobank is rolling out Chime Prime, a new membership service that rewards customers for making Chime their primary bank account.
U.S. Bank signs on as NFL’s bank and wealth management partner
The Minneapolis-based company plans to leverage the arrangement to draw more attention to its growing list of national business lines, transcending its regional reputation.
Judge denies UBS request in dispute over Nazi-looted assets
Swiss banking giant UBS tried to get a federal court to reject new allegations that Credit Suisse, which UBS acquired in 2023, had concealed Nazi-linked assets.
FDIC Board of Directors Meeting
BOARD MEETING | APRIL 7, 2026 FDIC Board of Directors Meeting Today, the Federal Deposit Insurance Corporation’s Board of Directors met in open session to consider the following matters. Materials and information relative to the open Board actions are available on the Board Matters webpage. Items Addressed in Open Session: Notice of Proposed Rulemaking: GENIUS Act […]
JPMorganChase CEO Dimon warns of flawed Basel proposal
Jamie Dimon said the revised Basel III plan still overstates risk and penalizes the largest banks.