Citi’s profits surge as businesses deliver revenue growth
The megabank’s net income for the first quarter rose 42% year over year. CEO Jane Fraser attributed the performance to Citi’s diversified business model.
KeyBank adds virtual commerce cards to ward off fintechs
Key Virtual Card builds on the bank’s relationship with payments and card issuing infrastructure fintech Qolo and looks to compete with rivals such as Ramp, Airwallex and Brex that have been aggressively going after banks’ corporate clients.
JPMorganChase’s profits climb on investment banking surge
America’s largest bank saw each part of the bank’s performance climb, but especially the markets business. JPMorgan also kept credit in check, despite concerns about geopolitical conflict.
A digital payments transition is inevitable, but we must get it right
The Federal Reserve’s initial step toward doing away with paper checks is welcome, but any economy-wide transition must consider the needs of a variety of stakeholders, including many consumers who still rely on them.
Amex tries to ‘grease the skids’ for agentic commerce
The credit card company has issued a developers’ kit to perform AI agent verification and aid merchants and shoppers, and is working with agentic AI protocols from other technology companies.
The profits are almost beside the point
Goldman Sachs’ earnings were stellar, and the other major will likely also be strong; but the details beyond the bottom line that are worth paying attention to.
CFPB hiring litigation attorneys while cutting enforcement
The Consumer Financial Protection Bureau, which has dismissed scores of enforcement attorneys early in President Donald Trump’s second term, is staffing up its litigation arm in anticipation of defending its rules in court.
AI agents are going rogue. Here’s what banks can do about it
Autonomous large language models sometimes do things they absolutely should not, such as suddenly go off and mine cryptocurrency. Here’s what AI-forward banks can do about this problem.
Press Release: FDIC Announces Four Senior Leadership Appointments
PRESS RELEASE | APRIL 13, 2026 FDIC Announces Four Senior Leadership Appointments WASHINGTON – The Federal Deposit Insurance Corporation (FDIC) today announced the appointment of the following personnel to serve in senior leadership positions: Benjamin Olson has been appointed Director of the FDIC’s Division of Depositor and Consumer Protection (DCP). Prior to his appointment, Mr. […]
FHA’s Cassidy on leave, Ginnie Mae’s Gormley filling in
The president of an affiliate mortgage securitization guarantor is taking on the responsibilities associated with the Federal Housing Administration role.