The crypto “one-stop shop” is a solution nobody actually wants
Mainstream financial services firms moving into the crypto realm are rightly skittish about consolidating trading, custody, lending, staking and settlement in a single provider. The crypto industry is, instead, entering a world of “co-opetition.”
Poking holes — well, loopholes — in the stablecoin-rewards debate
The debate over how to define yield in terms of stablecoin rewards feels like the debate over how to define usury in medieval Europe.
BofA shareholders vote not to separate CEO, board chair roles
Brian Moynihan will continue to wear two hats, thanks to the support of almost 70% of Bank of America’s shareholders.
DOJ asks judge to vacate subpoenas in Powell case
The Justice Department retreated from its plan to appeal a judge’s ruling blocking grand jury subpoenas in the Powell probe, opting instead for a softer legal maneuver that keeps the investigation’s future uncertain.
BNY CEO says AI is a jobs creator, not a destroyer
CEO Robin Vince defended the custody bank’s use of artificial intelligence Monday, saying that the deployment of AI allows firms to increase their investment capacity.
Western Union launches its own stablecoin
The company is officially releasing a digital asset product that it first announced back in October.
How BMO uses AI to get more of business clients’ business
The Canadian bank is using machine learning to analyze customers’ payments and provide recommendations to salespeople.
Customers sue Chime over alleged Iran-linked hack
Plaintiffs say Team 313 stole Social Security numbers and IDs. Chime says no data left its systems. None of the suits has its own evidence.
Small bank failure drip persists as FDIC fast tracks sales
Two U.S. banks have failed so far in 2026, continuing the recent pattern of smaller lenders collapsing abruptly due to firm-specific issues. January’s failure of Metropolitan Capital Bank & Trust and the early May failure of Community Bank & Trust – West Georgia both fit that mold.
Banks, credit unions still cool to BNPL
American Banker research finds that while more than 30% agree buy now/pay later is good for banks and consumers, the majority of respondents are unconvinced.