America’s Treasury data doesn’t belong in the hands of DOGE
The Internal Revenue Service holds a massive trove of sensitive data about American taxpayers that would be of inestimable value to a company operating in the private sector. Protecting it is a matter of national security.
Solid hiring signals economic strength, possible Fed pause
Employers added 151,000 employees in February and the unemployment rate ticked up to 4.1%. The reading bolsters the Federal Reserve’s argument to hold rates steady amid economic uncertainty.
US bank M&A deals that failed in 2024
Six proposals involving the purchase of a bank were terminated or rejected in 2024.
Banks welcome FDIC deregulatory shift, but volatility looms
Banks have embraced the Federal Deposit Insurance Corp.’s swift reversals on a range of topics, but the regulatory whiplash is complicating long-term business planning.
Waller: ending Fed independence would be bad for policy
In a public appearance Thursday, Federal Reserve Gov. Christopher Waller said the Founding Fathers supported independent money management and undoing it now would be a mistake.
Trump delays Canada, Mexico tariffs for goods under USMCA
The president exempted Mexican and Canadian goods covered by the North American trade agreement from his 25% tariffs, offering reprieves to America’s two largest trading partners.
Cross River says its capital markets expansion is paying off
The New Jersey bank, which has been investing in its capital markets business, recently helped the fintech lender Best Egg securitize and sell $160 million of loans.
Payment execs predict an AI rush
Executives at American Banker’s Payments Forum in San Francisco said artificial intelligence and embedded finance will dominate investments in the coming year.
The tech companies building AI guardrails for banks
H20.ai, Ethos and Corridor Platforms are among the tech companies that have recently released software designed to help banks keep generative AI in check.
Sen. Tim Scott proposes bill to eliminate reputational risk
The Financial Integrity and Regulation Management Act would stop prudential regulators from writing rules or guidance that involve any use of reputational risk in supervision.