Warsh doesn’t want more bailouts, but won’t commit to no bailouts
In his first congressional appearance as Fed chair, Warsh criticized past bailouts and voiced concern over stablecoin risks, without ruling out future intervention.
Wells Fargo’s profit jumps on improved credit quality
The San Francisco-based banking giant remains on track to hit its $50 billion spread income target for all of 2026, CEO Charlie Scharf told analysts.
Dimon says JPMorgan CEO transition remains years away
JPMorganChase CEO Jamie Dimon declined to give specifics on when he will step down, saying the decision ultimately rests with the board of directors.
How ConnectOne Bank uses AI to save time on admin work
The New Jersey bank has attributed a 60% reduction in document-related task time over the past three months to an AI agent from fintech provider nCino.
Banking regulators aren’t ready for the next financial crisis
The only thing we know about the next financial crisis is that it won’t look like the last one. But specific changes to bank safety and soundness requirements and clearer regulatory authorities would help us respond.
Banks should consider Palantir CEO’s critique of OpenAI, Anthropic
Alex Karp told CNBC the frontier model providers are charging too much for tokens and taking customers’ intellectual property. Here are the risks to bankers’ strategies.
Inflation slowed to 3.5% in June, giving Fed breathing room
CPI inflation remains above the Federal Reserve’s 2% target, but the slower rate of increase gives the central bank time to weigh the best course of action.
Visa debuts AI-based financial advice
The card network’s AI Financial Assistant uses information from 257 billion yearly transactions to inform “conversational” advice embedded in banking apps.
Bank M&A slowed to a crawl after start of the Iran war
A detailed look at bank merger-and-acquisition activity between January and June reveals a significant slowdown in announcements and a decline in deal value and pricing. The deceleration coincided with the start of U.S.-Israeli attacks on Iran.
A sweeping housing bill is now law. Will it change the market?
Housing professionals say the ROAD Act provides a blueprint for addressing housing supply and affordability challenges, but what comes next will largely depend on funding decisions and whether states and local governments adopt the initiatives outlined in the law.