PayPal battles tariffs as it pushes global payment growth
The company is relying on a boost from initiatives in crypto-related finance, AI-powered payment tech and connections to international digital wallets, though analysts cautioned geopolitics are hindering momentum.
This is why branch banking persists despite reports of its demise
The continued investment in branches is a continued investment in bankers. A well-trained, motivated banker turns a physical location into a relationship hub.
Jack Dorsey’s Block aims to draw Cash App users with group payments tool
Jack Dorsey’s Block Inc. is adding a group payments feature to its Cash App as it aims to attract out of network users to its peer-to-peer money transfer and banking app.
Blackstone’s Wesley LePatner killed in Manhattan shooting
The former Goldman Sachs executive was reportedly shot accidentally by a Las Vegas man targeting the National Football League.
Even top earners are falling behind on credit card and car payments
Mounting liabilities are raising the stakes for an economy that has come to rely more and more on high-end consumer spending to power expansion.
Banks tighten ID checks as AI deepfakes get better
Multimodal, real-time identity verification can strengthen voice, video and behavioral biometrics, analysts and executives say.
Comerica faces pressure from activist investor to sell
The Dallas-based bank is the subject of a scathing new report by HoldCo Asset Management, which says it should take advantage of current market conditions to sell itself. The investment firm accused Comerica’s management of making poor decisions and failing to address its lagging stock price.
‘Pie is getting bigger faster’: Customers CEO on stablecoins
The Pennsylvania-based bank will continue to lean into its digital assets payment platform now that the GENIUS Act has become law. Its incoming CEO says he’s not concerned about new entrants.
FIS partners with Circle to offer bank stablecoin payments
Bank technology provider Fidelity National Information Services Inc. is partnering with Circle Internet Group Inc. to offer financial institutions the ability to conduct transactions using Circle’s stablecoin.
TD Bank names Birch Hill’s John MacIntyre as new board chair
The new chair was already a director of the Canadian bank, which has been struggling to get past a money-laundering settlement.