#24 For Umar Farooq, being first and fastest to expand blockchain-based payments is critical
While transactions over public blockchains remain few, the global co-head of J.P. Morgan Payments is ready for when more tokenized assets are placed on blockchains.
#32 Ather Williams thinks unicorn fintechs have nothing on Wells Fargo’s innovation
The head of global payments and liquidity and wholesale digital says embedding innovation into strategy—whether AI, real-time payments or crypto—capitalizes on rich data flows.
Regulators’ guidance on model risk leaves many questions unanswered
Joint guidance from the Federal Reserve and Office of the Comptroller of the Currency on managing model risk leaves many concerns about artificial intelligence, and especially agentic AI, for bankers to sort out themselves.
AI and private credit are goading banks back into the risk game
The incredible demand for credit, numbers reaching into the trillions, is luring banks back into the very risk markets that got them in trouble 20 years ago.
Why U.S. Bank is targeting vets, dentists opening new practices
The Minneapolis-based bank is offering loans to providers planning to build practices from scratch — a reversal after years of serving only existing practices.
How Ally widened profits by narrowing its focus
Since Michael Rhodes became its CEO, Ally Financial has gotten bigger by thinking more narrowly. Instead of growing the company’s web of businesses, the company has exited some sectors while doubling down on what Ally does best: auto lending.
Updated: FDIC Publishes Enforcement Orders for April 2026
PRESS RELEASE | MAY 29, 2026 FDIC Publishes Enforcement Orders for April 2026 [NOTE: This previously issued notice was updated to clarify the respondents’ names associated with two enforcement matters noted below.] WASHINGTON—The Federal Deposit Insurance Corporation (FDIC) today published a list of orders of administrative enforcement actions taken against banks and individuals in […]
Visa’s local partners fill cardless gaps in business payments
The global card network is working with cross-border fintechs like PingPong to help business customers use Visa to pay suppliers who don’t accept credit cards.
Chime pushes Trump Accounts with financial education series
The neobank partnered with Invest America to launch Compound Combine, in Jersey City, New Jersey, on Thursday evening with the support of the the Treasury Department, Council for Economic Education and New York Giants and New York Jets football players.
Gov. Abbott declares Texas the ‘financial capital of America’
Governor Greg Abbott proclaimed Texas the “financial capital of America” at the Texas Bankers Association’s annual convention; Columbus, Ohio-based Northwest Bank named Chad Ballard chief information officer; Deutsche Bank terminated some staff as a result of its client relationship with convicted sex offender Jeffrey Epstein; and more in this week’s banking news roundup.