Alan Greenspan, former Fed chair who defined an era, dies
The longtime Federal Reserve chair served under four presidents and presided over the deregulatory and pro-market push of the 1990s and early 2000s that set the stage for the 2008 mortgage crisis.
Defenders of federal preemption place big banks ahead of consumers
The supposedly noble heritage of the National Bank Act and the federal preemption power that goes along with it has never stood up to serious scrutiny.
Maggie L. Walker built a bank for the Richmond’s Black community
The child of a slave grew up to become the first woman to open a bank in the U.S., and pioneered community banking for Black communities.
Is private credit a $2 trillion-dollar insurance timebomb?
Life insurers have offloaded long-term policyholder liabilities into offshore reinsurance and captive subsidiaries, raising concerns over state oversight of opaque investment vehicles and whether insurers have adequately funded claims.
Appeals court sides with CFPB’s union, blocks job cuts
The D.C. Circuit Court of Appeals halted the Trump administration’s attempt to fire nearly two-thirds of the Consumer Financial Protection Bureau’s workforce, upholding a March 2025 injunction.
JPMorgan eyes European digital bank expansion: FT
JPMorganChase wants to expand its digital bank offerings to three more European countries, according to a new Financial Times report; M&T Bank Corp. elects Jerry Jacobs Jr. to the board of directors of both its parent and banking subsidiary; Citizens Financial Group names Chris Emerson as head of investor relations; and more in this week’s […]
The risk for banks as embedded payments take off
Banks that don’t embrace embedded payments now risk losing out to more nimble rivals in the near future.
Credit unions must remain a safe place for Black women
Credit unions have a long history of serving diverse members. In a climate where programs designed to promote diversity, equity and inclusion are under constant attack, they should double-down on that commitment.
‘Stop prompting, start delegating’: Anthropic exec to banks
Anthropic’s head of banking told New York Banking Summit attendees that the future is agents that operate autonomously alongside employees.
FDIC floats counting discount window borrowing toward liquidity
Chair Travis Hill said SVB showed banks can’t always sell securities fast enough to cover deposit outflows, but acknowledged the “stigma problem” with discount window borrowing remains unsolved.