Fed’s Barr “worried” about stress test changes for big banks
Federal Reserve Governor Michael Barr warned that subjecting the stress testing models to the notice and comment process could lead them to “ossify.”
Goldman president criticizes barriers to migration amid H-1B row
Goldman Sachs Group Inc. President John Waldron criticized the growth of barriers to movement put up by countries around the world, amid rising concern among American firms about the Trump administration’s decision to charge $100,000 for a key type of visa.
How banks can avoid the dangers of AI-generated ‘workslop’
In a Stanford University study, workers said receiving shoddy content from generative AI models creates almost two hours of extra work per incident.
Coinbase is writing a protocol for agentic AI
The crypto company’s x402 Foundation will standardize transactions, making the company one of many technology firms working on standards for AI-powered commerce.
First Merchants deal secures a Louisville beachhead
The $18.6 billion-asset Muncie, Indiana-based company agreed to pay $241 million in stock to acquire First Savings Financial Group and expand into the Southern end of the Hoosier state.
CDFIs get a reprieve. Sort of.
The CDFI Fund is updating definitions of eligible activity to be considered for the funds, including removing climate-focused financing and references to race and ethnicity.
HSBC claims quantum edge in bond market
In what they claimed was a “world first,” HSBC and IBM used a quantum computer to improve their price predictions on the European corporate bond market.
Fed’s Schmid: monetary policy is “where it needs to be”
Federal Reserve Bank of Kansas City President Jeff Schmid said that the central bank should continue its focus on curbing inflation, as the job market is “largely in balance.”
Adoption is key to stablecoin ‘rewards’ threat to bank deposits
In its recently-passed bill, Congress prohibited stablecoin issuers from offering interest, but left the door open to “rewards” from exchanges. That provision could drive adoption of stablecoins and compete for deposits, but experts say the technology would have a long way to go.
‘Soulbound’ tokens offer versatile options for identify verification
By encoding and decentralizing on-chain identity management, soulbound tokens enable institutions to streamline compliance while introducing a base for new services.