Oil prices may keep inflation elevated, bank economists say
Chief economists at large and regional banks predicted ongoing inflation, in part because of the anticipated surge in oil prices as a result of the Iran war. The forecast from the American Bankers Association’s Economic Advisory Committee did not account for the disappointing U.S. jobs report on Friday.
Iran war forces Navy Federal to close Middle East branches
The credit union closed three of its overseas locations in response to the conflict. Military-focused financial institutions are instead offering digital banking to deployed servicemembers.
How B2B payment automation threatens banks
Fintechs and the technology behind cryptocurrency are becoming popular, putting trillions in transaction value at risk for banks, according to Accenture.
Stripe advances security for agentic commerce
Stripe has expanded its Shared Payment Tokens, a foundational building block to protect agentic commerce, to work with Visa and Mastercard’s tokens. It’s also added Affirm and Klarna.
Economy loses 92,000 jobs in February
The Bureau of Labor Statistics reported that the economy lost 92,000 jobs in February while unemployment held steady at 4.4%, a development that could spur the Federal Reserve to question whether interest rates are truly in balance.
AI is learning and teaching finance. Who will teach it values?
If we allow algorithms to inherit yesterday’s incentives — maximizing return, minimizing empathy — then tomorrow’s system will be flawlessly efficient at reproducing inequality.
What do banks owe victims of romance scams?
Romance scams and other “pig butchering” frauds are growing rapidly. Should banks refund the stolen money? Not all agree on the answer to that question.
True crime, fake romance: Inside one victim’s fight with banks
Five major U.S. banks are engaging in costly litigation rather than reimburse fraud claims of a 72-year-old dementia patient who lost $337,000 in a romance scam. The victim’s lawyer says banks are not abiding by the consumer protection process.
Fed’s Bowman views Kraken approval as ‘pilot program’
Federal Reserve Vice Chair for Supervision Michelle Bowman played down the significance of Kraken Financial receiving a master account, saying the central bank is treating it as a pilot program.
Press Release: Agencies Clarify the Capital Treatment of Tokenized Securities
PRESS RELEASE | MARCH 5, 2026 Agencies Clarify the Capital Treatment of Tokenized Securities WASHINGTON – The federal bank regulatory agencies today jointly issued answers to frequently asked questions to clarify the capital treatment of tokenized securities. A security is often referred to as “tokenized” when ownership rights in the security are represented using distributed […]