Are stablecoins coming for your deposits?

With the CLARITY Act stalled in Congress and GENIUS implementation ongoing, experts are questioning how much of a threat the products pose to bank deposits and services.

Deutsche Bank freed from consent order in 2010s FX scandal

A Federal Reserve enforcement action against Germany’s largest bank was the last of the consent orders remaining from the Obama-era violations. Between 2007 and 2013, foreign exchange traders from six banks conspired to manipulate interest rates.

Stripe beefs up AI as it encroaches on banking

The payments company has acquired artificial intelligence firm OpenRouter in a deal that comes as banks consider strategies for large language models and Stripe is rumored to be in talks to buy PayPal.