Dimon’s not worried about JPMorgan’s exposure to private credit
The CEO of America’s largest bank said that private credit won’t crash the banking system, but a credit cycle will be worse on the economy than people expect.
Popular names new U.S. leader as CEO hunts stronger returns
Israel Velasco, who is slated to become the head of the Puerto Rican bank’s U.S. subsidiary, will be charged with helping to implement the company’s new strategic framework.
Press Release: Principals of U.S., European Banking Union, and U.K. Financial Authorities To Meet for Regular Coordination Exercise on Cross-Border Resolution Planning
PRESS RELEASE | APRIL 14, 2026 Principals of U.S., European Banking Union, and U.K. Financial Authorities To Meet for Regular Coordination Exercise on Cross-Border Resolution Planning WASHINGTON – The heads of resolution and regulatory authorities, central banks, and finance ministries of the United States, the European Banking Union, and the United Kingdom are among leaders […]
Wells Fargo gets boost from markets and consumer businesses
The San Francisco-based banking giant reported increased earnings and continued benign credit conditions despite macroeconomic headwinds.
What a ‘moral architecture’ for AI in banking would look like
Surjit Chana, a board member of Beneficial State Bank, a Harvard Fellow and a tech committee member of the Global Alliance for Banking Values, explains why there’s a need for what he calls a moral architecture for AI
Citi’s profits surge as businesses deliver revenue growth
The megabank’s net income for the first quarter rose 42% year over year. CEO Jane Fraser attributed the performance to Citi’s diversified business model.
KeyBank adds virtual commerce cards to ward off fintechs
Key Virtual Card builds on the bank’s relationship with payments and card issuing infrastructure fintech Qolo and looks to compete with rivals such as Ramp, Airwallex and Brex that have been aggressively going after banks’ corporate clients.
JPMorganChase’s profits climb on investment banking surge
America’s largest bank saw each part of the bank’s performance climb, but especially the markets business. JPMorgan also kept credit in check, despite concerns about geopolitical conflict.
A digital payments transition is inevitable, but we must get it right
The Federal Reserve’s initial step toward doing away with paper checks is welcome, but any economy-wide transition must consider the needs of a variety of stakeholders, including many consumers who still rely on them.
Amex tries to ‘grease the skids’ for agentic commerce
The credit card company has issued a developers’ kit to perform AI agent verification and aid merchants and shoppers, and is working with agentic AI protocols from other technology companies.