Emmer commits to stablecoin legislation by summer
House Majority Whip Tom Emmer pledged to pass stablecoin and crypto market structure bills by the August recess, following a request by the president.
Bakkt stock down after Bank of America breaks ties
Bakkt is losing contracts with the bank and Webull just months after the company’s acquisition talks with Donald Trump’s Trump Media fell through.
Morgan Stanley plans about 2,000 job cuts to contain costs
The New York bank’s moves add to a series of workforce reductions across Wall Street as bosses navigate an uncertain economic outlook.
Judge bars Citi from returning climate grants to the EPA
A federal judge ruled that the bank must keep $14 billion granted by the Environmental Protection Agency in recipients’ accounts. The Trump administration has been trying to pull back money distributed under President Joe Biden.
Trump administration dismisses Democratic FTC commissioners
The firings are the latest by the president to challenge a 90-year legal precedent that shields members of independent agencies, part of his administration’s move to gain greater influence across the government.
In a deregulatory era, banks need to maintain customer care standards
The financial services industry has made positive gains in consumer trust in recent years. As we enter what seems likely to be an era of deregulation, that newfound trust is theirs to lose.
5 things banks, payment firms can do to deter fraud
Fraud and scam prevention was top priority for financial institutions in 2024, and will continue to be a key area of investment in 2025. But while many banks have already taken steps to combat the ever-changing face of fraud, there’s more that industry can be doing to help their commercial and consumer banking clients stay […]
Stablecoin platform Utila secures $18 million in Series A funding
As interest in stablecoins increases, and regulatory guardrails appear on the horizon, institutions may be ready to work with secure digital asset platforms.
Klarna’s IPO faces test in market roiled by Trump’s tariffs
The payment company’s listing comes amid market and political volatility, but the Swedish firm has its strong recent financial performance and distribution deals with JPMorgan Chase and Walmart on its side.
How Verizon figures into Santander’s U.S. growth plan
The U.S. arm of Spanish banking giant Banco Santander is offering a high-yield savings account through its digital bank, Openbank, to eligible Verizon customers, a move that will introduce Santander to millions of potential new customers.