Don’t be fooled by the scaremongering around private credit
There’s a huge difference between short-term volatility and true systemic risk. The current rash of redemptions from private credit funds betrays a misunderstanding of the strengths underlying the business model.
Did the Federal Reserve really release the Kraken?
Kraken’s limited account with the Fed raises as many questions as it answers; bank executives worry about the war; Nubank hires a TikTok executive; and M&T CEO Rene Jones joins the Leaders series
Kraken’s Fed master account could be the new normal
Kraken Financial’s receipt of a limited Federal Reserve master account is leading some industry observers to question whether the approval creates a new avenue for master account-seekers or whether it’s a preview of the proposed “skinny” account.
AI and cartels push global financial crime to $4.4 trillion
Criminals are using AI and professional crime networks to scale attacks, yielding massive operational risks for banks, according to a new report from Nasdaq.
Visa, Mastercard accelerate AI tools for businesses
Visa is using AI agents to streamline payment disputes, while Mastercard launched “digital executives” for small businesses.
OCC’s Gould doubles down on state preemption
Comptroller of the Currency Jonathan Gould said that the Office of the Comptroller of the Currency would continue to pursue its view on federal preemption of state banking policy in court and in Congress.
Zions’ revamped tech leadership team eyes AI, stablecoins
The Salt Lake City-based regional bank has elevated two executives following the departure of longtime Chief Technology and Operations Officer Jennifer Smith.
Bankers warn of fallout from a prolonged Middle East conflict
At an industry conference Tuesday, bankers said that an extended war with Iran will result in adverse economic conditions, including inflation.
Nubank hires former TikTok executive as marketing director
Kim Farrell, former global head of creators for TikTok, joins the Brazil-based neobank to develop its international brand strategy as it expands into the U.S.
A Texas banking entrepreneur makes deal to start third act
Dean Bass, who served as CEO at two Houston community banks, plans to acquire Lone Star Bank in a deal expected to close this summer.