What bankers need to know ahead of the 2025 stress tests
Analysts are predicting stronger results this year after a disappointing outcome in 2024.
What I found at Fintech Innovation Lab’s Demo Day
There were some intriguing ideas at the event, but whether they’ll take off remains to be seen.
MoneyGram settles with NY AG, Klarna gets into telecom biz
New York’s attorney general announces MoneyGram will pay a civil fine to settle a lawsuit over its handling of remittance payments; Swedish buy now/pay later lender Klarna is getting into the telecom business; Truist Financial has hired Charles Alston to lead its new nonprofit hospital, higher education and government banking team; and more in this […]
Top Treasury official wants to ‘Americanize’ any Basel rule
Deputy Treasury Secretary Michael Faulkender says Basel capital rules need to fit the U.S. economy and avoid discouraging banks from lending.
Artificial intelligence, blockchain drive payment startups
From AI to crypto to the fraud fight, the industry is rapidly evolving; these young companies are looking to take advantage.
NJ bank mourns death of longtime CEO Gerald Lipkin
Lipkin, who built Valley National Bancorp from a small community bank into a regional institution with 200 branches in four states, passed away this week at age 84.
Market volatility has not cut valuations: Fed report
Financial markets were shaken but not stirred this past spring, according to the Federal Reserve, as swinging stock prices and bond yields did little to bring down elevated asset prices or leverage.
Fintech startups offer banks tools to harness agentic AI
The fintechs at this year’s NYC Innovation Lab highlighted the demand for new forms of artificial intelligence in financial services.
Parliamentarian knocks CFPB funding cut out of megabill
Senate Parliamentarian Elizabeth MacDonough will not allow Republicans to move ahead with slashing the Consumer Financial Protection Bureau’s funding and Federal Reserve staff pay.
OCC outlines plan for referring regulatory offenses to DOJ
Pursuant to an executive order on “overcriminalization,” the OCC said it will revise its guidance for referring regulatory offenses to the Department of Justice for criminal prosecution and will publish a review of criminally enforceable regulations by May 2026.