Conservatives block tax bill, including bank-favored riders
In a dramatic move, conservative hardliners blocked President Donald Trump’s tax and spending bill, which would have included many measures favored by banks.
Global Payments pushes ‘command center’ to battle rivals
The payment company’s restructured Genius point of sale system is designed to cover all types of merchants to keep them away from other processors and fintechs.
Citi Token Services makes real-time borderless payments possible
Ease of use and client accessibility was key to client adoption and core to the bank’s design.
Trump says US to set tariff rates for other nations in weeks
The president said Treasury Secretary Scott Bessent and Commerce Secretary Howard Lutnick “will be sending letters out essentially telling people” what “they’ll be paying to do business in the United States.”
Press Release: FDIC Announces Retirement of Arthur J. Murton, Deputy to the Chairman for Financial Stability and Director of Division of Complex Institutions Supervision and Resolution
PRESS RELEASE | MAY 16, 2025 FDIC Announces Retirement of Arthur J. Murton, Deputy to the Chairman for Financial Stability and Director of Division of Complex Institutions Supervision and Resolution WASHINGTON – The Federal Deposit Insurance Corporation (FDIC) today announced the retirement of Arthur J. (Art) Murton, Deputy to the Chairman for Financial Stability and […]
Basel Committee resists US pressure to downplay climate risk
The Task Force on Climate-related Financial Risks won’t be disbanded, according to people familiar with the matter.
Banks turn to little-used financing option for buyouts
Junk-rated companies and private equity firms have lined up about $17 billion of debt recently for purchases of everything from power plants to a chain of gas stations using 364-day bridge loans.
A future full of AI agents will require a different payments system
Legacy payment systems won’t cut it as autonomous software agents begin transacting and collaborating at scale. New payment rails that take advantage of blockchain technology will be vital in the future.
Chime IPO tests market appetite for fintech investment
After a drop in fintech venture capital exit value from IPOs, neobanks and other financial tech startups are closely watching Chime’s initial public offering.
Agentic AI’s revolution draws payment companies to the lab
The next generation of artificial intelligence can be a digitized always-on personal shopper, researcher and financial assistant, taking even the buzz of ChatGPT to another level. It’s early in the game, but developers are looking for ways to gain an edge.