Canada’s biggest banks team up on tokenized deposits
The move came 12 days after Canada’s bank regulator said tokenized deposits are not legally distinct from ordinary deposits.
Are banks falling behind on agentic commerce standards?
Bank of America, Capital One and other large banks have teamed up to publish a set of principles for agentic commerce. But the call for a set of standards from banks comes as other fintechs and payment companies are already forging ahead with the technology.
Texas bank looks to grow in NM by buying Albuquerque lender
WestStar Bank of El Paso is acquiring Albuquerque’s Southwest Capital Bank, bringing it six new branches in New Mexico.
Bank economists see continued growth, persistent inflation
The U.S. economy is expected to keep growing despite nagging inflation, according to the latest consensus report from the American Bankers Association’s Economic Advisory Committee.
PayPal partners with Meta’s Muse AI assistant
As the payment company looks for new ways to drive volume, it’s using the social media company’s personal artificial intelligence to aid shopping and checkout.
Before giving AI agents power, bankers should ask questions
An AI agent’s capabilities are only part of the decision. Banks also need to establish limits of delegation, the consequence of errors and who can intervene.
Proposed bank capital rules could deepen private credit ties
Several proposed updates, including lower risk-weight floors for certain securitizations and corporate loans, could make it more attractive for banks to finance or hold certain private credit-related assets, experts say.
Fed’s Barr: ‘further policy adjustments are likely’
Federal Reserve Gov. Michael Barr appears to be among the majority of monetary policymakers who foresee at least one more rate hike before the end of the year.
UBS holds steady on 2027 advisor pay
UBS wants to keep its advisors happy and in their seats. As a result, its 2027 compensation policies avoid the usual grid-update mixture of “good news, bad news.”
Banks should be required to explain the reason for an account closure
U.S. regulators have made it clear that banks have the discretion to explain account closures, short of disclosing the existence of a suspicious activity report filing. They should make it mandatory.