Is Block the first domino for AI-spurred layoffs?
Block last week cut 40% of its staff and attributed the layoffs to artificial intelligence, leaving many to wonder whether Jack Dorsey’s payments company was a bellwether for widespread AI-driven layoffs, or a one-off.
Bank of America makes a move as rewards race heats up
With the likes of Amex and JPMorganChase upgrading card perks, BofA is expanding no-fee access to more customers and products and adding incentives.
Apply for the 2026 Best Credit Unions to Work For
Think your credit union has one of the best workplaces in the country? Here’s how to apply for American Banker’s ranking of the Best Credit Unions to Work For.
Wars cost money, and that is an issue for banks
The Iran conflict is more likely to have an indirect effect on banks, one that may take years to show up as the ramifications filter through the economy
How fintech SMB lenders are responding to tariff changes
Fintech lenders are positioned to help businesses navigate the latest round of global tariffs announced by President Trump, even as the volatility causes overall decreases in loans.
Attacks on ‘data brokers’ ignore their key role in consumer protection
The responsible gathering of data on consumers is intrinsic to the verification tools that keep everyone safe from identity theft and other forms of fraud. Blanket attacks on “data brokers” will harm consumers, not help them.
The big risks banks face in the US-Iran conflict
Markets were bracing for the chaos of a regional war; banks may be the target of sophisticated cyberattacks, experts warn.
Edward Jones gets green light to launch industrial bank
The financial advisory firm initially sought an industrial loan charter back in 2020. It’s the third company to receive the necessary approvals this year, joining General Motors and Ford.
What’s it going to take to get banks back into mortgages?
Though changes to bank capital rules previewed by Federal Reserve Vice Chair for Supervision Michelle Bowman in February being viewed as welcome, experts say other more significant hurdles — not all of them regulatory — are keeping banks on the sidelines of mortgage servicing and lending.
Morgan Stanley applies for crypto trust charter subsidiary
The proposed national trust charter company would be a wholly owned subsidiary of Morgan Stanley. The application was filed on Feb. 18.