The Personal Consumer Expenditures price index climbed to nearly 4% in April, arguably making the Fed's interest rate less restrictive and further complicating the central bank's path toward future rate cuts.
Banks are prioritizing AI investments for several reasons, including streamlining operations, reducing costs and improving employee workflows. By comparison, enhancing risk assessment and strengthening cybersecurity ranked lower among the reasons banks are investing in AI.
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The brokerage fintech launched agentic trading and an agentic credit card today that will allow AI agents to trade equities and make credit card purchases on customers' behalf. It comes just weeks after OpenAI rolled out its own personal finance tool.
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JPMorgan Payments processes about $12 trillion in payments per day globally. It is also the largest credit card issuer and merchant acquirer in the country. But to stay on top, the banking behemoth has made it its business to work with, and think like, nimbler fintechs.
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A proposal from the Federal Deposit Insurance Corp. would require the agency to notify Treasury's Financial Crimes Enforcement Network 30 days prior to major anti-money laundering actions against stablecoin issuers. The rule would also allow issuers to directly share normally confidential information with Fincen during the enforcement process.
Berkshire Hathaway's banking-related investment strategy is murky, after the arrival of new leadership and the sale of its stakes in Visa and Mastercard.
The Consumer Financial Protection Bureau is ending remote work and ordering its entire staff to report to a new Washington, D.C., headquarters five days a week.
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The narrative of fintechs as dramatic disrupters of traditional finance is wearing thin these days. More and more established fintech firms have discovered the value of respectability, and deemed it to be worth the cost.
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The trillions being poured into AI is putting pressure on the hyperscalers to produce a return on the investments.
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Private credit should no longer be evaluated primarily as a yield story. Under current conditions, the underlying structure of deals is playing a much larger role in determining performance.
The 33 companies that made it to this year's Best Fintechs to Work For list are actively preserving remote work options and non-salary benefit packages.
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The 33 companies that made it to this year's Best Fintechs to Work For list are actively preserving remote work options and non-salary benefit packages.
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The company says its mission-driven culture, family-supporting benefits and emphasis on flexibility are key factors.
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An analysis of American Banker's 2026 Best Fintechs to Work For finds that workers appreciate flexibility, as well as "meaningful" work.
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Amerant Bancorp in Coral Gables, Florida, appointed Carlos Iafigliola its permanent president and CEO; Morton Community Bank in Illinois reached a deal to buy a three-branch franchise in the Land of Lincoln; Bank First in Manitowoc, Wisconsin, agreed to acquire PSB Holdings; and more in this week's banking news roundup.
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Justin Brownlee started an RIA targeting energy, oil and gas employees. His hyperspecific marketing tactics have helped grow the firm into a thriving niche.
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Fidelity Institutional Wealth Management Services faces competitive threats in an era of ETFs and multicustodian advisory practices. But it has big advantages.
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Homebuyers applying for Federal Housing Administration loans in community property states are facing hurdles that current market conditions have heightened.
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The streamlining is designed to further expedite a process which allows mortgage companies to get a case number for loans on single units even if the building they're in doesn't have one.
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The latest acquisition activity points to the importance of decisions lenders make regarding their MSRs in 2026 and some considerations unique to each company.
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The Consumer Financial Protection Bureau is ending remote work and ordering its entire staff to report to a new Washington, D.C., headquarters five days a week.
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The Department of Justice said that Birmingham, Alabama-based Regions sought forgiveness from the Small Business Administration for a Paycheck Protection Program loan that the bank should have known did not qualify.
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Jim Gold of Steward Partners thinks impending advisor retirements will continue driving smaller RIAs into M&A deals with big acquirers — even as AI turns many investors into "do-it-yourselfers."
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President Donald Trump administered Federal Reserve Chair Kevin Warsh's oath of office in a ceremony Friday morning. Warsh is expected to pursue changes at the central bank, including a push to reduce its $6.7 billion balance sheet.
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Federal Reserve Gov. Christopher Waller said in a speech Friday that he favors holding interest rates steady until energy prices fall, but noted that the central bank should be ready to hike rates if inflation gets too far out of hand.
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Call for submissions for women 40 years and younger who are rising leaders at their bank or financial institution.
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American Banker is accepting applications for the Best Banks to Work For program. The annual ranking, which is now in its 14th year, is a showcase of banks that prioritize strong employee engagement, a positive corporate culture and plenty of employee support.
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Think your credit union has one of the best workplaces in the country? Here's how to apply for American Banker's ranking of the Best Credit Unions to Work For.
The 23rd annual ranking of women leaders in the banking industry.
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