The blockchain technology firm has added new processing tools for digital assets and traditional money, pitching itself as a destination for crypto-curious banks.
The program has expanded to seek startups in Chicago and Wisconsin for mentoring and potential partnerships.
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Firms like Brex and Ramp are adding new tech faster than legacy banks, according to payment experts.
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The company is becoming a full-fledged processor and accelerating its artificial intelligence plays, moves CEO Paulette Rowe said provide more control over agentic commerce, which payment experts say is threatening traditional payment facilitators.
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Canadian banks, financial institutions, fintechs and commerce companies have come together to develop a Canadian dollar-backed stablecoin that is slated to go live in early 2026. The move comes as U.S.-based banks continue to evaluate their own participation in the post-GENIUS Act world.
Helping programmers become more productive, modernizing legacy systems and conducting compliance assessments are among the hundreds of gen AI use cases in production or in the pipeline for Shadman Zafar, co-CIO for Citi and lead for the bank's generative AI work.
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The advisors’ success offers lessons for aspiring wealth professionals and brokerages aiming to change a predominantly white and male industry.
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The ruling may offer hope for Gwen Campbell, who alleges that JPM’s private bank is “poaching” and “siphoning” her celebrity clients’ assets away from her management and paycheck.
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Business lines south of the border, led by a diversified commercial banking unit, contributed more than 40% of total earnings at Bank of Montreal over the past 12 months. Company executives now see an opportunity in selling wealth management services to commercial clients.
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A day after the regional bank's stock tumbled on tough fourth-quarter results and some austerity moves, observers debated whether management just needs time to build enough capital to catch up with growth or if it is still too overexposed in multifamily lending.
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With tougher capital requirements looming, a number of regionals including U.S. Bancorp, Huntington and Santander are using these new instruments to share risk with nonbank investors and lighten their capital load. Experts point out the pros and cons.
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Even with the 9 basis point rise this week, they have remained at the same level since mid-December, and that should bring people into the market, Freddie Mac said.
The San Francisco-based banking giant reported a 9% annual jump in quarterly profits. It also made official its appointment of CEO Charlie Scharf as chairman.
The bank regulator is proposing to strengthen national preemption in the wake of conflicting decisions in related court cases.
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The Treasury Department is claiming extensive authority to pry into the private financial information of Americans on the flimsiest of pretexts. It's time for the courts to step in.
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What does a movie about managing an unruly honky-tonk bar have to do with banking? When it comes to setting examples for corporate culture, maybe a lot more than you think.
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Only by facing the realities of geopolitical uncertainty head-on can we hope to preserve the integrity of the global financial system and enable the flow of capital that underpins prosperity everywhere.
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The Royal Bank of Canada's base outlook is that tariffs will remain at their current levels. But it also sees a possibility that U.S. trade policy will bring on a severe North American recession.
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The Brazilian neobank attributed a Q4 boost in its credit portfolio to its AI-powered underwriting tool, but expenses caused it to miss Wall Street estimates.
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Acquiring the $386 million-asset Pacific West Bancorp extends a strengthening bull market for bank M&A.
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After completing a migration to its proprietary tech stack, Chime is setting its sights on GAAP profitability in 2026 following a strong fourth quarter.
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The Toronto-based bank reported higher revenue across the entire company, including in the U.S., and kept expenses in line with its previous projections.
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Senate Majority Leader John Thune, R-S.D., moved to consider the housing package next week, but it's not clear what version of the bill senators will be voting on as the House, Senate and White House are still negotiating priorities.
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The agency's 400-page GENIUS Act proposal sets capital, reserve and operational rules to govern how stablecoin issuers may operate.
The bill, offered by Sens. Catherine Cortez Masto, D-Nev., and Todd Young, R-Ind., would allow Federal Home Loan bank members to establish tax-exempt community infrastructure development bonds.
The 23rd annual ranking of women leaders in the banking industry.
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