The intrusion did not affect the financial industry directly. But it presents a warning to banks that are deploying agentic AI.
Bread Financial's point-of-sale installment loans, called Bread Pay, helped drive the lender's credit sales amid a wider earnings beat.
The Hugging Face breach gives bank executives reason to rethink some of their technology choices.
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How J.P. Morgan Payments is dealing with smart contracts and using a public blockchain.
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Bread Financial's point-of-sale installment loans, called Bread Pay, helped drive the lender's credit sales amid a wider earnings beat.
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The payment network, which posts second-quarter results next week, noted localized boosts in payment volume near match sites in cities such as Boston, New York and Guadalajara.
Optus Financial in South Carolina will acquire M&F Bancorp in North Carolina in a deal that's set to create one of the largest Black banks in the United States.
Brian Johnson, President Trump's nominee to lead the Consumer Financial Protection Bureau, navigated a somewhat contentious Senate Banking Committee hearing dominated by Democratic opposition but without giving away specific plans he has for the agency.
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Banks can price in risk and manage their way around both left-wing and right-wing administrations. But the kind of uncertainty that arises from today's brand of politics is impossible to model.
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As the regulatory landscape for digital assets becomes clearer, it is vital that stablecoin reserves, custody and settlement services, and the provision of liquidity not be concentrated within a small number of companies.
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Efforts by individual states to rewrite existing rules governing interstate bank lending risk throwing the entire system into chaos. Only Congress has the ability to reestablish a workable set of national rules.
There's been an onslaught of nonbank financial technology company charter applications and approvals already this year.
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Advisors can help clients to diversify their stock portfolios, maximize growth and defer taxes with this increasingly popular method for harvesting losses.
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Like many of its peers, the Chicago-based custody bank posted strong results thanks partly to the downstream effects of a strong initial-public-offering market.
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A Deloitte analysis shows that alternative allocations — to private equity, private credit and other vehicles — in DC plans could grow quickly.
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Originators need to keep an eye on the 10-year Treasury yield used in pricing mortgages, which not only broke through 4.6%, climbed above 4.7% on Thursday.
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Economists at the government-sponsored enterprise have been lowering their single-family origination volume estimates for several months.
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Industry economists and analysts were predicting single digit quarter-to-quarter gains, but a trio of large banks had an over 30% rise in mortgage volume.
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Bread Financial's point-of-sale installment loans, called Bread Pay, helped drive the lender's credit sales amid a wider earnings beat.
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Optus Financial in South Carolina will acquire M&F Bancorp in North Carolina in a deal that's set to create one of the largest Black banks in the United States.
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The DTCC piloted a tokenized version of its stock-settlement system. But the real future of trading has to involve currency, not just securities.
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The class action is an early test of whether credit unions can hold their vendors liable for the cybersecurity they promise.
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SEI may not be the first firm that comes to mind when thinking about the industry's custodians, but the firm has built a substantial client base of financial advisors over more than 30 years.
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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.
National banks are committing billions of dollars to fund the construction. But there's room for smaller institutions and credit unions.
The 23rd annual ranking of women leaders in the banking industry.

























































































