Powell lookback favors large Fed balance sheet, limited guidance
A retrospective paper on the former Federal Reserve chair’s tenure offers takeaways that speak directly to his successor’s policy agenda.
Trump’s AI order gives small banks access to new AI models
The order asks major AI companies to voluntarily give the government a preview of their latest models.
U.S., European banks diverged on Iran war’s impact in Q1
Globally, the war had varying impacts on banks’ first-quarter provisions, according to a new report. U.S. banks reported limited reserve-building in response to the conflict.
Mastercard reorganizes leadership to deepen its bench
The payments network made a series of six staffing shuffles targeting the upper echelons of its organization as part of an effort to simplify global management while bolstering top-tier talent.
Wise faces Belgian money-laundering investigation
Belgian prosecutors say they’re finalizing charges over €500 million in suspect transactions. Wise calls the case, like its U.S. run-ins, a routine matter.
Bank regulators remove more reputational risk references
The Federal Reserve, the Office of the Comptroller of the Currency and the Federal Deposit Insurance Corp. said Tuesday they had removed references to reputational risk from certain interagency guidance documents, furthering the administration’s state goal of eliminating reputational risk from bank supervision.
Fed president ‘pretty skeptical’ about stablecoins’ broad reach
Federal Reserve Bank of Minneapolis President Neel Kashkari said in a speech Tuesday morning that he doubts the usefulness of stablecoin technology in payments and its ability to expand the reach of the U.S. dollar, a perspective that contrasts with many crypto boosters in the Trump administration.
Judge blocks Illinois from enforcing swipe fee ban
A federal judge blocked Illinois from enforcing its interchange fee ban for taxes and tips against national banks and card networks after the Office of the Comptroller of the Currency’s recent intervention materially altered the court’s preemption analysis.
FHFA’s Pulte tapped for acting director of national intelligence
Federal Housing Finance Agency Director Bill Pulte won the White House’s favor by acting as an attack dog for the administration, using his agency’s data to target President Trump’s political enemies with fraud allegations, though those efforts have not withstood judicial scrutiny.
Press Release: Agencies Remove Additional References to Reputation Risk
PRESS RELEASE | JUNE 2, 2026 Agencies Remove Additional References to Reputation Risk WASHINGTON—The federal bank regulatory agencies today jointly updated certain interagency documents to remove references to reputation risk. The agencies are taking this action to complement their earlier actions that ended the use of reputation risk in supervision. As the agencies have previously […]