Trump’s ‘war on DEI’ reaches PayPal
The payment company will waive transaction fees totaling about $30 million for veteran-owned, farming, manufacturing or technology-based small businesses following an investigation into a six-year-old former investment program designed for Black and minority-owned small businesses.
Affirm seeks bank apps to build its BNPL empire
At its first investor forum since 2023, Affirm outlined its plans for Affirm Edge, an attempt to build broader networks for its buy now/pay later loans through bank integrations.
JPMorgan names trio to co-lead global investment banking
The largest U.S. bank by assets announced a series of leadership changes affecting its global investment banking business, including three new co-heads to oversee the segment.
Fed survey: Americans feel financially secure despite prices
An annual Federal Reserve survey of nearly 13,000 respondents found that households generally felt financially secure in 2025, though many cited rising prices as a lingering concern.
A banker’s guide to the Senate’s crypto bill markup
Amendments to a long-awaited crypto market structure bill slated to be marked up in the Senate Banking Committee Thursday would force lawmakers to vote for or against the banking industry’s desired changes to the legislation.
Banks want fluent AI users, not more coders
American Banker’s AI Talent Shift survey of 206 banking professionals ranks AI fluency first and pure software-development skills last.
Goldman president says bank is ‘human assembly line’ facing automation
Machines are increasingly being handling back-office roles at Goldman Sachs and across Wall Street, leading to questions about potential job losses.
House advances community bank relief bills
The trio of community bank regulatory relief bills passed by the House of Representatives on Tuesday night would ease exam intensity and frequency for smaller firms; it would also expand Treasury mentorships between community banks and larger lenders.
Institutional DeFi is upgrading the plumbing of global finance
Financial institutions, regulators, and developers are aligning around a common goal of creating infrastructure that makes our global financial system faster, more efficient, and more secure.
End of FHA pandemic relief to kick off wave of foreclosures
The Federal Housing Administration put an end to pandemic-era relief last year, triggering a 28% jump in foreclosures on FHA loans in the first quarter and an expected spike in defaults ahead.