The economy added just 29,000 jobs in September, far below economists expectations, though the unemployment rate remained steady, indicating softening in the labor market.
All in a day's work: Managing geopolitical shocks, changing interest-rate dynamics, and new business models driven by innovation.
Technical hurdles and depositor inertia get in the way of Meta Muse or another AI agent sweeping all consumers' deposits out of their banks any time soon.
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Kristin Smith, president of the Solana Policy Institute, discusses what to expect in the next year in the world of on-chain finance.
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OUSD, the new stablecoin from Open Standard, a consortium of more than 140 banks, fintechs, payments companies and crypto firms, has drawn interest, in part due to its shared economics model.
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The purchase could bolster Stripe's merchant credit product as rivals such as PayPal and Square make similar moves.
The sixth bank failure this year shows that even as the industry overall is very profitable, there are pressures on a lot of banks that aren't the biggest.
The Independent Community Bankers of America argue in a new lawsuit that the Office of the Comptroller of the Currency is exceeding its statutory authority in granting trust charters to crypto companies.
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There wasn't just one recipe for landing among the top-performing banks with $50 billion or more in assets. There were two — or, in some cases, a mix of both.
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OFG Bancorp, the parent company of Oriental Bank, has steadily climbed American Banker's rankings of the nation's top-performing banks. Here's how the Puerto Rican bank did it.
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United Bank and Five Points Bank, both ranked among the top-performing banks by Capital Performance Group, said they have stayed in the mortgage business because they see it as a way to build strong relationships in the communities they serve.
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Because open banking models rely on the combination of usernames and passwords to identify customers, those who don't bank online are left out. The technology exists to solve that problem.
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The Consumer Financial Protection Bureau's recent decision to make it more difficult to see customer complaint narratives is depriving the financial services industry of a vital source of business intelligence.
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An FDIC plan to help community banks evaluate potential fintech partners is valuable, as far as it goes. But it cannot account for the unique and specific risks that arise when two companies operate in partnership.
There's been an onslaught of nonbank financial technology company charter applications and approvals already this year.
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Advisory practice sellers frequently wish they had taken more time for important strategic tasks before the deal, David Grau of Succession Resource Group says. He provided a list explaining why the timeline will take longer than many sellers may think.
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The new platform looks to personalize both client and planner profiles to create better matches and relationships.
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In addition to proposing broader access to private market investments for those who pass a test and for CFPs and other credential holders, the SEC also proposed expanding advisors' ability to charge performance-based fees.
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Larger public companies' high-profile servicing acquisitions tend to get the spotlight, but the two top leaders in the Ginnie MSR market are quieter players currently run as private companies.
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Home value fell in real terms, as inflation ran 1.5 percentage points above price growth, down slightly from 3.5% in June, according to the Case-Shiller index.
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The GSEs also have unified 4.0 pricing for loans scored with classic FICO while 10T moves toward 2027 adoption at FHA but remains pending at the enterprises.
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The Independent Community Bankers of America argue in a new lawsuit that the Office of the Comptroller of the Currency is exceeding its statutory authority in granting trust charters to crypto companies.
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The new requirement could be announced by FHFA Director Bill Pulte as soon as Oct. 12, when he is scheduled to speak at a mortgage industry conference in Chicago, according to the person.
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The federal agency's proposed definitions characterize event contracts as swaps, but exclude "casino-style" gambling.
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The agency said adequate reforms are in place after a 2024 investigation found pervasive sexual harassment, discrimination and misconduct at the regulatory agency.
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Inflation ticked down in August, but its cumulative pressure over the past years has a lot of people struggling. Banks have a better plan than stress tests.
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Structural change in banking is rarely defined by technology alone. Rather, leaders who know when to invest, where to modernize and which risks are worth taking are driving it.
The 23rd annual ranking of women leaders in the banking industry.
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