Banks plead for federal guidance as penny shortage spreads
Supplies of the one-cent coin are plummeting. Businesses can’t give exact change. Banks are struggling to resupply them. And amid it all, the federal government has said almost nothing.
FICO upgrades its cashflow-powered score with real-time data
The credit score firm partnered with Plaid to bring additional cashflow data into its previously released UltraFICO score.
How Citi, Citizens, TD deploy AI agents without upsetting humans
Reskilling and giving AI the boring work are two approaches banks take to making agentic AI palatable to workers who may fear that bots will take their jobs.
Fed’s Cook sees risk in gen AI-manipulated financial trading
Federal Reserve Gov. Lisa Cook, citing several studies, outlined her concerns Thursday that generative AI could be used to manipulate markets, and regulators have not yet thought through how to police such activity.
Banks face challenges ahead of Saturday’s ISO 20022 deadline
The migration to the standard and its more robust data is underway, but experts say the desired reduction in payment errors will come slowly.
Ludwig is wrong that private credit needs banklike rules
The head of the Managed Funds Association takes issue with a recent column calling for stricter oversight of nonbank financial institutions.
The key difference between a ‘tokenized deposit’ and a ‘deposit token’
Noelle Acheson explains the significant differences between tokenized deposits and deposit tokens, and why it matters for the future of banking and payments.
Unemployment persistent, jobs up in September
The economy added an unexpectedly robust 119,000 jobs in September, though unemployment edged up to 4.4%. The report, delayed by the federal government shutdown, continues a trend of sluggish job growth in recent months.
Fed traded fast merger for 2023 private equity rescue
The Federal Reserve played a behind-the-scenes role in facilitating the sale of PacWest Bancorp, providing an enticement to private-equity interests to make a deal happen, according to agency records and recent comments by a prominent banking lawyer.
Sunshine Act Notice: FDIC Board of Directors Meeting
SUNSHINE ACT MEETING NOTICE The FDIC Board of Directors will meet in an open session: Date and Time: Tuesday, November 25, 2025, at 10:00 a.m. ET Place: The Board meeting will be open to public observation by webcast. Members of the media should contact the Office of Communications by Monday, November 24, at MediaRequests@FDIC.gov to attend […]