Warren calls on Fed to activate additional capital charge
The ranking Democrat on the Senate Banking Committee said growing uncertainty and risks in the financial system mean the central bank should increase the countercyclical capital buffer for the nation’s largest lenders.
Marqeta turns to BNPL to boost revenue that’s not from Block
As the payment technology company diversifies revenue streams, buy now/pay later was a key driver in beating analysts’ estimates for Marqeta’s second-quarter earnings.
This new Fed policy will harm community banks’ competitiveness
Slashing capital requirements for the largest banks shows where the Federal Reserve’s priorities lie — and it’s not with community banks. This will make it even harder for small banks to compete with their larger peers.
How one personal finance site is taking on Google’s AI bots
The personal finance app provider is working to block AI crawlers from the search giant and large language model providers from accessing much of its website.
How ‘goose’ is adding juice to to Block’s earnings
The payment company increased its financial outlook, partly on the shoulders of new forms of artificial intelligence, such as “codename goose” that are making it possible to update products faster.
Trump says he will nominate Stephen Miran to Fed
President Trump said Thursday that he will nominate Stephen Miran, who currently serves as chair of the White House Council of Economic Advisers, as the next member of the Federal Reserve Board of Governors. Miran is a key architect of President Donald Trump’s tariff policy.
As tariffs take hold, banks still grappling with uncertainty
President Trump’s imposition of sweeping tariffs on more than 90 countries Thursday represents a major shift in the U.S. trade stance, but the impact on inflation, the Federal Reserve and the economy are still unclear.
Trump signs debanking executive order
The executive order tells banking regulators to examine banks for signs of politically motivated account denials.
Trump’s executive order on debanking should trigger a reckoning
We’ve just lived through a repeat of Operation Chokepoint, the federal effort to deny banking services to disfavored companies and individuals. We must know the full story so it can never happen again.
Capitolis gets funding from BNP, Barclays, JMorganChase
BNP and Barclays joined JPMorgan’s investment into the Wall Street fintech’s products, which help banks with optimizing their balance sheets.