Trump’s global tariffs struck down by U.S. Supreme Court
In a blow to the President’s economic agenda, the high court said the trade barriers could not stand.
BofA’s struggles with AI adoption reflect a broader problem in banking
Banks are deploying extremely powerful AI systems but expecting generalist employees to operate them safely and consistently without redesigning workflows around the technology. That virtually guarantees a bad outcome.
M&T says Tricolor-related lawsuit could lead to losses
The Buffalo-based bank didn’t specify the size of potential losses from a suit that grew out of the collapse of subprime auto lender Tricolor Holdings. M&T said its trust subsidiary will “vigorously defend itself” against claims by investors who allege that it should have protected them from alleged fraud.
Stripe-owned Bridge acquires trust charter for stablecoins
The stablecoin arm of Stripe recently announced its conditional trust charter approval from the OCC and a partnership with business payments fintech Payoneer.
Medallion stresses home improvement to drive 2026 growth
The New York City-based lender, whose roots lie in taxi lending, believes an expanded home-improvement loan operation will generate mid-teen loan growth this year.
OpenClaw AI creates shadow IT risks for banks
Bank employees are likely adopting the OpenClaw AI assistant on the sly to boost productivity, but the tool’s deep integration exposes networks to cyber threats.
Global Payments’ turnaround gets off on the right foot
Investors were encouraged by Global Payments’ fourth quarter earnings results – the first post WorldPay acquisition – but some analysts remained skeptical that the legacy fintech could turn its business around.
Warren warns Fed, Treasury against crypto bailout
Senate Banking Committee ranking member Elizabeth Warren, D-Mass., warned the Treasury Department and Federal Reserve in a Wednesday letter not to bail out cryptocurrency firms in the wake of sharp declines in digital asset values over the last several months.
Tokenized Treasuries: What happens when securities become money?
Tokenized money market funds are becoming more money-like — but, unlike the payment stablecoins that share the same backing, they are securities. Noelle Acheson looks at what this means for our understanding of money.
Banks that won on deposit growth in 2025 got boost from M&A
Lenders with between $10 billion and $100 billion of assets grew their core deposits by more than 8% last year, or more than double the industry-wide average. Merger activity was largely responsible for the outsized growth.