‘We keep an eye on Brex and Ramp’: Amex CEO on fintech rivals
Steve Squeri told analysts his firm is prepared to compete with small business technology providers like Ramp and Brex. He also weighed in on the potential payments behemoth that would result from Capital One’s purchase of Discover.
Texas asks Wall Street firms for details about DEI efforts
Texas and nine other Republican-led states are ratcheting up pressure on Wall Street’s diversity programs, asking firms about their policies on hiring and supplier selections as the Trump administration moves to gut DEI.
It’s time for a revolution in foreign exchange data processing
FX professionals have long recognized that the most commonly used spreadsheet program struggles to keep up with an evolving marketplace. It’s time to bring artificial intelligence into the mix.
Why Democrats are still in charge of the CFPB and OCC
Experts say the Trump administration is waiting for Scott Bessent to be confirmed as treasury secretary and for other appointees to clear the Senate before naming acting heads at federal banking agencies.
Bank group agrees with Trump ‘diagnosis’ of debanking
Greg Baer, head of the Bank Policy Institute, echoed the president’s assertion that unchecked supervisors are urging banks to drop risky clients .
Bankers debate impact of AI, fintech on industry at Davos
Executives at JPMorgan Chase, BNY Mellon, Standard Chartered and Qatar Central Bank discussed whether AI will kill jobs and how to work with fintechs at the World Economic Forum annual meeting.
GOP floats credit union taxes, repealing FDIC orderly liquidation authority
A document circulated by the House Ways and Means Committee makes a number of suggestions for cutting federal spending, including revoking the federal tax exemption for credit unions and eliminating the Federal Deposit Insurance Corp.’s Orderly Liquidation Authority.
Trump tells Bank of America to stop blocking conservatives
President Donald Trump levied a surprise broadside against Bank of America’s Brian Moynihan at the World Economic Forum, chiding the CEO and catching him off-guard, accusing his lender of limiting business with conservative clients.
Banc of California beats estimates as PacWest costs fade
After the tumult of buying PacWest Bancorp, Banc of California is not only profitable again but surpassing Wall Street’s expectations.
Texas Capital sees higher fee income in 2025 after solid Q4
The Dallas-based bank’s fourth-quarter earnings beat analysts’ forecasts. Texas Capital raised its estimate for 2025 adjusted fee income to $270 million.