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Farmers & Merchants Bank of Long Beach took an $85 million loss on the sale of $1 billion worth of municipal bonds. It plans to reinvest the proceeds into higher-yielding loans and investments.

The proposed investment rules for Section 530A accounts, also known as Trump accounts, limit choices, and advisors say that could make decisions easier.

Princeton Professor Markus Brunnermeier warned bank regulators to get ahead of the risks AI poses to banks and markets.

dLocal, whose clients include Amazon and Uber, is trying to build a global transaction network amid a heightened awareness of "payments sovereignty." Yang Yang Zhang, dLocal's new APAC head, spoke with American Banker about how the firm is managing the pressure.

The Republican proposal would bring the CFPB under congressional appropriations and curb several of its regulatory powers.

Markets are still pricing in an increase in the federal funds rate later this month, but Federal Reserve Gov. Michael Barr said his vote will depend on incoming unemployment and inflation data.

As banks integrate AI into their systems, they are becoming accountable for decision-making architectures that they did not design and have no real insight into. That means they need to ask their vendors some hard questions.

The initial coin offering boom of a decade ago was a manic free-for-all, but inside that mania was the germ of a genuinely good idea.

Many traders took the Federal Reserve chair's tough talk on inflation as a signal that the central bank is poised for a rate hike, but the corresponding dip in long-dated bonds proved short-lived.

Los Angeles-based Lendistry recently received a $100 million credit facility from East West Bank to support loans to airport concession operators.