President Trump said Thursday that he will nominate Stephen Miran, who currently serves as chair of the White House Council of Economic Advisers, as the next member of the Federal Reserve Board of Governors. Miran is a key architect of President Donald Trump's tariff policy.
Many banks' legacy systems were built decades ago and are maintained by folks nearing retirement. The challenge for CIOs is finding talented young recruits who are as well-versed in old technologies as they are new ones.
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Officials at the central bank have been discussing a real-time payment system for a decade. Work on FedNow began in 2019.
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Fintechs are expanding the definition of BNPL financing to include many longer-term, higher-interest loans that fall into a legal gray area, according to new research.
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The Financial Conduct Authority is developing new rules that tighten how financial firms can use social media, Swift and a group of banks have successfully piloted instant payments between different countries and currencies, and more.
Federal Reserve Vice Chair Philip Jefferson said in a speech Friday that long-term productivity gains brought on by artificial intelligence could compel the central bank to maintain higher rates to keep prices stable.
Executives at America's largest banks are making rosier predictions about the financial health of U.S. households than they were a year ago, when their forecasts proved to be overly pessimistic.
Federal Reserve Board Gov. Christopher Waller argued that while decentralized finance technologies can reduce reliance on intermediaries and enhance efficiency, they ultimately pair well with centralized finance.
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There's a wide range of uses for decentralized finance and related blockchain tech, says Wirex's Yves Renno.
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Heritage Southeast Bank in Georgia will become the latest community bank to stop paying federal taxes when it merges into VyStar Credit Union later this year. It's time for Congress to investigate this consolidation trend and its impact on taxpayers.
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The growth in e-commerce has opened new avenues for crooks, with better tech, compliance and educated consumers needed, says Ecommpay's Paul Marcantonio.
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The San Antonio-based company plans to remain in state borders, but sees opportunity for growth in major markets.
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A dramatic boardroom purge at the NCUA has unleashed a fierce debate over the future of credit unions, and whether they're still serving their original mission.
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The decision to rejoin the CEO and chairman roles comes roughly two months after regulators removed an asset cap that had stunted the San Francisco-based company's growth for seven years.
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President Donald Trump is bringing in bank leaders to meet with him one by one at the White House. Beyond the economic discussion, there's a chance at a big payday for their firms.
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In New York City and elsewhere, financial institutions are taking stock of their office-building security protocols following the killing of four people, including an investment bank executive, in Midtown Manhattan. Security experts say that layers of protection are essential in all office buildings.
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In a new lawsuit, a former Flagstar compliance officer says Alessandro DiNello fired him for investigating his suspected misconduct. In one lurid example, the former CEO allegedly revealed sensitive company information as a junior employee sat on his lap.
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Under Stewart's leadership, the bank's commercial banking services gained 8% year-over-year growth in middle-market loans.
The 23rd annual ranking of women leaders in the banking industry.
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