Technology

The two companies have created a robo-adviser with financial literacy tools to help people understand the basics of investing as they assemble their first portfolio.

Jerome Powell

Federal Reserve Chair Jerome Powell said Friday that while the central bank must "proceed carefully" in considering interest rate adjustments in the coming months, recent softness in employment "may warrant adjusting our policy stance."

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Call for Nominations
Sebastian Siemiatkowski during the Klarna Group's IPO at the New York Stock Exchange on Sept. 10.

The Swedish financial institution adds P2P payments as it tries to bolster its neobank aspirations. Payment firms don't like the U.K.'s potential restrictions on stablecoins and more in the American Banker global payments and fintech roundup.

Moynihan-Fraser

A week after President Trump demanded a 10% cap on credit card interest rates, top executives at big banks protested the idea in blunt terms.