Banks remain most breached sector as attacks hit record
Supply chain attacks have doubled since 2021, with professional services firms increasingly acting as “stepping stones” to access bank data.
How crypto legislation has banks playing Whac-A-Mole
Legal experts say the underlying economics of stablecoins mean that banning yield payments — banks’ top priority in upcoming crypto market structure legislation — may not be as simple as banks had hoped.
Fed holds rates steady; Powell cites easing economic risks
Federal Reserve Chair Jerome Powell said recent data suggests less tension between the employment and inflation sides of the central bank’s dual mandate, reducing the need for an immediate policy change.
Bankers at Bankwell meetup share hopes for, advice on AI
The Connecticut bank invited rival bankers, lawyers and regulators to share their experiences with and warnings on using AI.
Revolut drops anchor in Mexico, JPMorganChase hires a payments chief
The London-based fintech has launched a suite of financial services as its global expansion gains steam. That and more in the American Banker global payments and fintech roundup.
Amazon changes course on its checkout-free tech
The e-commerce giant, which is in the midst of a corporate downsizing, is discontinuing its Go and Fresh stores and One palm checkout while it repurposes the underlying technology.
U.S. Bancorp says CEO Kedia will add board chair title
The Minneapolis-based company will return to its former governance structure when it installs CEO Gunjan Kedia as board chair in April. Andy Cecere had served as chair during his tenure as the company’s chief executive, and then became executive chair when he stepped down as CEO last year.
Prosperity to acquire rival Houston bank in $2 billion deal
Acquiring Stellar Bancorp will create the second-largest Texas-headquartered bank, with a number-five deposit share in the massive Houston marketplace.
What bank leaders can learn from an unlikely college football champion
There are qualities in people and organizations that experts, trying to predict future performance, routinely miss. That includes internal alignment of team members around a strong corporate culture.
Fed likely to keep rates steady as economy shows mixed signals
As the Federal Open Market Committee announces its near-term interest rate plans Wednesday, market watchers expect the central bank to hold interest rates steady as policymakers seek greater clarity on the health of the economy.