Prediction markets look an awful lot like online betting
People on Kalshi and Polymarket tend to be younger, tend to be poorer, and tend to lose money on the sites, which is how most gambling works.
U.S. banks may need to blacklist UAE branches of Banque Misr
Fincen says 103 Iranian front companies moved $1.8 billion through the Egyptian bank’s Emirati branches. The proposal would touch every U.S. correspondent bank.
Advisors think they’re good listeners. 12K AI-tracked meetings suggest otherwise
The AI firm Jump used notetaker data to analyze thousands of discussions between advisors and clients. The results show advisors aren’t as good at keeping their mouths shut as many think.
Zerohash refiles its trust bank charter application to OCC
The crypto firm has resubmitted its request for national trust bank charter from the federal agency after its first filing was quietly returned.
Bank of America VP was person killed in NYC stabbing
Erin Piacenti, 32, was a vice president at Bank of America. On her way home from work, she was stabbed to death in what New York police called a “random and unprovoked attack.”
Altruist CEO Jason Wenk on blockbuster Vanguard deal and his ‘life’s work’
After his firm agreed to one of the most impactful deals in wealth management of 2026, Altruist CEO Jason Wenk sat down with FP to discuss the negotiations, his firm’s strategy and the new tool he says can build higher-quality plans in much less time.
California bank ends waiting game, sells low-yielding bonds
Farmers & Merchants Bank of Long Beach took an $85 million loss on the sale of $1 billion worth of municipal bonds. It plans to reinvest the proceeds into higher-yielding loans and investments.
5 dystopian AI futures bankers heard about at Jackson Hole
Princeton Professor Markus Brunnermeier warned bank regulators to get ahead of the risks AI poses to banks and markets.
How a cross-border fintech manages the geopolitical storm
dLocal, whose clients include Amazon and Uber, is trying to build a global transaction network amid a heightened awareness of “payments sovereignty.” Yang Yang Zhang, dLocal’s new APAC head, spoke with American Banker about how the firm is managing the pressure.
House Republicans debut CFPB reform package
The Republican proposal would bring the CFPB under congressional appropriations and curb several of its regulatory powers.