Former Flagstar CEO accused of ‘brazenly illegal’ conduct
In a new lawsuit, a former Flagstar compliance officer says Alessandro DiNello fired him for investigating his suspected misconduct. In one lurid example, the former CEO allegedly revealed sensitive company information as a junior employee sat on his lap.
How Sathish Muthukrishnan keeps Ally’s data safe from gen AI
The bank’s chief information, data and digital officer shared an update on AI initiatives across the company and how he’s been securely scaling them.
Klarna weighs U.S. IPO revival as soon as September
Klarna Group Plc is considering reviving its potential New York initial public offering as soon as September, people familiar with the matter said, following a recent surge in fintech stock prices and strong debuts of US listings.
A2A payments are picking up. What banks need to know.
A2A, or pay by bank payments, are an alternative to card networks, a lower-cost option that is catching on with consumers and merchants.
Mastercard boosts 2025 outlook, betting on consumer strength
The card network said inflation remains in check, any impacts of Capital One moving cards to the Discover network will be muted and delayed until 2026.
The promise and peril of programmable payments
Noelle Acheson outlines the key blockchain innovations for payment programmability, and highlights their advantages and their risks.
Square adds business credit in U.K.; Virtual cards pick up steam
Block, which maintains its original Square brand for its business-focused products, is offering easier access to cash advances for small businesses. Also, Amex and Mastercard expand their virtual card strategy; and more in the American Banker global payments and fintech roundup.
White House calls for transparency in master account access
The White House working group on digital assets said in a report that regulators should “promote transparency regarding the process for institutions to obtain bank charters or Reserve Bank master accounts.”
Powell: ‘many, many uncertainties’ remain for tariff impacts
Federal Reserve Chair Jerome Powell said during his regular press conference Wednesday that the process of determining tariff-related price increases was always going to be slow, but it has taken longer than he expected.
A U.S. cybercrime group is targeting banks and credit unions
A report Wednesday detailed Scattered Spider’s advanced social engineering tactics and the escalating threat the group poses to financial institutions.