Block’s AI-driven staff purge comes with a warning
The payments company will fire about 40% of its employees, with CEO Jack Dorsey attributing the move to the impact of artificial intelligence. While investors cheered the move, analysts also raised questions about the company’s functionality, and Dorsey said other companies will make similar moves.
Press Release: FDIC Approves the Deposit Insurance Application for Edward Jones Bank, Salt Lake City, Utah
PRESS RELEASE | FEBRUARY 27, 2026 FDIC Approves the Deposit Insurance Application for Edward Jones Bank, Salt Lake City, Utah WASHINGTON – The Board of Directors of the Federal Deposit Insurance Corporation (FDIC) today announced the approval of a deposit insurance application submitted by the Jones Financial Companies, L.L.L.P. to establish Edward Jones Bank, which […]
Press Release: FDIC Issues CRA Examination Schedules for Second Quarter 2026 and Third Quarter 2026
PRESS RELEASE | FEBRUARY 27, 2026 FDIC Issues CRA Examination Schedules for Second Quarter 2026 and Third Quarter 2026 WASHINGTON – The Federal Deposit Insurance Corporation (FDIC) today issued the lists of institutions scheduled for a Community Reinvestment Act (CRA) examination during the second quarter 2026 and third quarter 2026. CRA regulations require each federal […]
Trump’s $200B MBS plan set off by GSE valuation gap: Pulte
MBS buying has become the near-term focus but a 2026 offering is still possible, Federal Housing Finance Agency official Bill Pulte told Fox Business.
Press Release: FDIC Publishes Enforcement Orders for January 2026
PRESS RELEASE | FEBRUARY 27, 2026 FDIC Publishes Enforcement Orders for January 2026 WASHINGTON – The Federal Deposit Insurance Corporation (FDIC) today published a list of orders of administrative enforcement actions taken against banks and individuals in January 2026. There are no administrative hearings scheduled for March 2026. Consent Orders Community Bank & Trust West […]
Banks need to rethink how they train staff to fight financial crime
The threats posed by financial criminals, from fraudsters to money launderers, are evolving at a pace that far outstrips the education of bankers charged with combating them. That needs to change.
Banks need to choose carefully between public and private blockchains
Decisions about the kind of blockchains to use in rolling out banking products creates future path dependencies. It’s important that banks get this decision right.
Judges seem inclined to allow CFPB RIFs — if there’s a plan
Experts said that judges reviewing ongoing litigation between the Consumer Financial Protection Bureau and its employee union seem inclined to allow reductions in force to proceed if the CFPB presented a credible plan for running the agency.
RBC raises provisions again amid renewed tariff uncertainty
The Royal Bank of Canada’s base outlook is that tariffs will remain at their current levels. But it also sees a possibility that U.S. trade policy will bring on a severe North American recession.
Nubank reports 45% revenue increase in latest earnings
The Brazilian neobank attributed a Q4 boost in its credit portfolio to its AI-powered underwriting tool, but expenses caused it to miss Wall Street estimates.