Why shunning Apple Pay no longer works for Walmart
The big box retailer was a notorious holdout, but payment analysts said consumer annoyance and the coming of agentic payments are weighing against the data control enjoyed by keeping Apple outside.
What Colorado’s amended AI law means for banks
The law, which takes effect Jan. 1, will require banks to clearly disclose the use of AI in decisions that affect customers, show customers all data used by AI to deny a loan or new account, and give people a way to correct any inaccuracies.
Midterm Senate races bankers need to watch
Democrats’ chances of flipping the upper chamber were long going into the campaign season but have improved in recent weeks. Here are some of the key individual races that will affect bankers the most.
The data point that proves small banks are being left behind
The Texas Ratio, which tracks banks with underwater loan portfolios, is a reality check for the health of community banking.
Nissan pulls ILC application
The Japanese automaker pulled its bid for an industrial lending arm following “an evaluation of the initiative’s scope, timing and requirements” and a difficult fiscal year.
The ‘FDIC illusion:’ Consumer trust in nonbanks outpaces reality
Consumers are confused about FDIC coverage for fintechs, placing the same amount of trust into nonbank payment companies that do not provide the same deposit protection.
As Wells Fargo cut services, this founder built a firm with frustrated private bankers
Rick Simonetti knows it’s not easy recruiting private bankers and then moving their clients and assets. That hasn’t stopped him from building Fidelis Capital into a $3 billion firm built largely on bankers pulled from Wells Fargo and Bank of America.
Capital rules should reflect the risk mitigation of mortgage insurance
As regulators look to finalize the Basel III endgame rules, they would do the banking industry and American homebuyers a service by recognizing the risk-reducing role mortgage insurance plays on bank balance sheets.
The top-performing banks with more than $50B of assets in 2025
There wasn’t just one recipe for landing among the top-performing banks with $50 billion or more in assets. There were two — or, in some cases, a mix of both.
KBW’s Tom Michaud on running a bank, bank runs and recovering from 9/11
Drawing from both 9/11 and the 2023 Silicon Valley Bank failure, KBW’s CEO Tom Michaud talks about the need to modernize deposit insurance to prevent digital bank runs.