In an expanded partnership announced Monday, the card network and payment fintech will enable hundreds of millions of consumers and tens of millions of merchants to use new forms of artificial intelligence for shopping and payments.
So-called containers can lessen the IT workload and help companies bring applications into the cloud. New security and management tools, like automatic patching, are bringing containers into the mainstream.
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Financially stressed consumers nearing their credit limit use buy now/pay later loans to finance smaller purchases, while wealthier households want to avoid paying interest or carrying a balance on credit cards for bigger-ticket items, according to the New York Fed.
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The top five fintech and payments M&A deals had a combined dollar volume of more than $23 billion.
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Sens. Dick Durbin, D-Ill., and Roger Marshall, R-Kansas, have added Sens. Josh Hawley, R-Mo., and Jack Reed, D-R.I., as cosponsors to a bill aimed at increasing credit card competition and lowering consumer fees.
Research, insights and data on how banks and financial institutions are using AI can now be found in a new location on American Banker.
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Letting the numbers speak for themselves, Bank of America has sent a message to anyone still disgruntled over its $29.1 billion purchase of Merrill Lynch. And that message is: "I told you so."
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Bank of America Corp.'s Merrill Lynch named John Thiel as the new head of U.S. Wealth Management, one of the top positions in the bank's Global Wealth & Investment Management group, according to an internal memo.
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Carlyle Group, the buyout firm that on Wednesday unveiled another major investment in the banking sector, distributed more than $6.4 billion to investors in the first quarter.
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CUNA Mutual Group's February trends report showed that growth in auto loans, mortgages and membership had slowed.
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Adolfo Marzol, who has served as an adviser to HUD Secretary Ben Carson, will now report to the new director of the Federal Housing Finance Agency.
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The bank’s CFO says it has enough liquidity to meet loan demand in the short term, but how long can it keep its loan-to-deposit ratio below 100%?
Later this week, the Federal Reserve will release the results of its annual check-up on larger banks' balance sheets. Experts say there are always surprises, but that pending capital rules may have a bigger impact than the stress-test results on banks' dividend and buyback decisions.
The Federal Deposit Insurance Corp. board of directors approved a proposal to roll back its 2024 merger policy, reinstating previous guidelines while charting a new policy toward bank combinations.
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The middle of a housing market downturn is no time to experiment with untested underwriting tools.
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The Federal Housing Finance Agency soon will commence a review of the Federal Home Loan Bank System. For the process to be successful, the actual users of the system and the institutions that will be the most impacted by any changes to its mission, mandate or role need to add their voice to the conversation.
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Jamie Fiore Higgins, a former executive at Goldman Sachs, describes the toxic work environment she endured during her 18 years at the investment bank in her memoir, "Bully Market."
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At American Banker's Most Powerful Women in Banking Conference in New York City, former Most Powerful Women in Banking honorees said to build skills that you can take with you outside of a big bank, and that banks should reward risk-taking and building over incremental change.
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Bank of America has a playbook for government shutdowns, which includes providing fee and payment waivers as well as loan deferrals and forbearance programs, CEO Brian Moynihan said at the American Bankers Association's annual convention.
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New guidance outlines specific due diligence and oversight steps banks must take, reinforcing that they are ultimately accountable for vendor failures.
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Federal Reserve Gov. Christopher Waller has directed central bank staff to explore the concept of a limited payment account, which would give nonbank entities in the payments space — including crypto firms — access to traditional payment systems.
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Senate Banking Committee Republicans, led by committee chair Tim Scott, R-S.C., introduced a bill that would raise the mandatory reporting threshold for certain currency transactions, a move meant to ease banks' anti-money laundering compliance obligations.
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Senate Banking Committee ranking member Elizabeth Warren, D-Mass., is urging the Federal Deposit Insurance Corp. not to approve new Industrial Loan Company charters until Congress passes a law subjecting ILCs to bank holding company rules.
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New research from American Banker finds that most are still hashing out plans for crypto and stablecoins, but a handful have already launched projects.
CEO Bill Demchak said there seemed to be "some confusion," after PNC's stock fell some 4% on Wednesday.
The 23rd annual ranking of women leaders in the banking industry.
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