Bowman says eSLR reform has boosted bond market function
Federal Reserve Vice Chair for Supervision Michelle Bowman said banks are making use of expanded balance sheet capacity to increase their Treasury holdings.
FHFA OIG says budget cuts will eliminate criminal probes
A top official at the Office of Inspector General says significant budget cuts will force large layoffs and essentially eliminate enforcement activities.
Open Standard’s ‘shared stablecoin’ goes live
OUSD, the new stablecoin from Open Standard, a consortium of more than 140 banks, fintechs, payments companies and crypto firms, has drawn interest, in part due to its shared economics model.
Stripe agrees to acquire small business lender Parafin
The purchase could bolster Stripe’s merchant credit product as rivals such as PayPal and Square make similar moves.
New CDFI info collection would eliminate race as criteria
A Treasury proposal would remove race and ethnicity from the criteria community development financial institutions can use to establish a targeted market population, a move that could affect institutions serving minority communities.
AI agent bank runs possible but unlikely, experts say
Technical hurdles and depositor inertia get in the way of Meta Muse or another AI agent sweeping all consumers’ deposits out of their banks any time soon.
How John Waldron could make his mark as Goldman’s next CEO
Discussions about what David Solomon’s longtime heir apparent might do as CEO surfaced following news reports that Waldron could take over as soon as next year.
DOJ accused of withholding interview with an Epstein banker
Sen. Ron Wyden, D-Ore., has accused the Department of Justice and the FBI of withholding the release of an interview with a prominent banker connected to Jeffrey Epstein. A law passed earlier this year requires the DOJ to release Epstein-related files.
Trump says IG report means Powell must be ‘forced to resign’
President Trump Wednesday evening posted on social media that former Federal Reserve Chair Jerome Powell should “be forced to resign” from the board and has instructed the Attorney General to investigate.
FDIC ends independent monitorship of workplace culture
The agency said adequate reforms are in place after a 2024 investigation found pervasive sexual harassment, discrimination and misconduct at the regulatory agency.