Barclays looks for collaborators on a ‘kill chain’ to fight fraud
The bank partnered with fraud prevention company Threat Fabric to create a taxonomy the companies hope will make it easier to communicate about fraud.
What Global Payments expects from its Worldpay union
The pending acquisition is one of several large deals involving payment companies in recent years as legacy firms look for combinations that can counter newer fintech rivals.
Bessent says tariff negotiations could wrap by year end
Treasury Secretary Scott Bessent said he expects ongoing negotiations with trading partners over tariffs to conclude by the end of the year, but acknowledged that negotiations with China had not yet begun.
Santander to shut 18 U.S. branches as it boosts digital bank
The banking arm of Spanish giant Banco Santander plans to close about 4.5% of its branch network in the United States, according to regulatory filings.
Senate Banking advances Bowman nomination
The Senate Banking Committee sent the nomination of Michelle Bowman to the full Senate in a party-line 13-11 vote.
UBS to pay $511 million to end Credit Suisse U.S. tax probe
A Credit Suisse unit pleaded guilty to conspiring to help its customers hide more than $4 billion from the Internal Revenue Service in at least 475 offshore accounts.
Regulatory clarity would help tokenized private credit flourish
Tokenization is a natural fit for the private credit market, and could help create new investment opportunities. But regulators must create clear rules of the road.
10 largest payments fintech funding rounds of Q1
The three largest deals raised an average of more than $136 million.
Fed defends stress test authority even as it explores changes
Despite its commitment to change its stress testing program, the Federal Reserve is defending its current practices in court. That argument raises thorny legal questions about whether stress tests are more like rules or adjudications.
Innovation of the Year 2025: Meet the honorees
The 10 winning innovations span categories from AI and payments to risk and compliance. An overall winner will be announced at American Banker’s Digital Banking event on June 2.