Paul Vigna is the managing editor of American Banker. He is an author, journalist, editor and speaker, with a particular focus on capital markets and cryptocurrencies. He is the author of
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The New York AG is alleging banks aren't doing enough to combat fraud on Zelle, but online fraud might be too big for even the nation's biggest banks to fight.
July 24 -
An OpenAI program managed to escape its sandbox, go out on the web and find another AI platform, and hack it. Not even OpenAI expected that.
July 23 -
The DTCC piloted a tokenized version of its stock-settlement system. But the real future of trading has to involve currency, not just securities.
July 22 -
The central bank's long-held independence from government interference is under siege and its role as a regulator may be a wedge the president uses against it.
July 21 -
Banks are posting record profits, benefiting from being in the middle of a hot credit cycle. Everything is going their way. The only question is, how long can it last?
July 17 -
Kentland Federal became the third bank this year to fail; meanwhile, American Banker today publishes its list of the best-performing small banks.
July 13 -
Trump has until midnight tonight to either sign or veto the housing bill; if he does neither, it automatically becomes law.
July 10 -
Polymarket's process for divining "the truth," the heart of its entire operating model, is itself open to manipulation, a new lawsuit alleges.
July 9 -
The new Fed is going to do less talking, if Kevin Warsh has his way. But talking is a powerful tool the Fed can use to get what it wants.
July 7 -
The U.S. has created just 36,000 jobs on average every month over the last year; that's long enough to be a trend, and a weak one at that.
July 6 -
The Open Standard consortium understands what makes a stablecoin valuable isn't how digital it is, but how ubiquitous it is
July 3 -
The biggest pressure on the Federal Reserve isn't Supreme Court rulings, an overbearing president or even inflation; it's the public's trust in the bank.
July 1 -
Banks and other companies are starting to face the true cost of buying AI services, and are already looking to cut corners.
June 29 -
U.S. banks have passed the Federal Reserve's stress tests with flying colors, again. It makes you wonder if the stress tests are actually stressful enough.
June 26 -
Banks are merging the ubiquity of fiat money with the advantages of digital networks and are building the kinds of products crypto firms can't match.
June 24 -
Insurance companies are increasingly shifting their assets into offshore vehicles, where they are being used for…what exactly? We don't know, and that's the problem.
June 23 -
The child of a slave grew up to become the first woman to open a bank in the U.S., and pioneered community banking for Black communities.
June 22 -
The new Fed chair takes his seat for the first time but may find it was easier to be an outside critic than inside leader.
June 17 -
Zelle, Western Union, SoFi and others are all launching stablecoins, adding to the thousands of other digital assets that do essentially the same thing as bitcoin.
June 16 -
The DTCC is building out a blockchain-based platform for post-trade processing and custody; if it works, it will mean a significant rewiring of the markets.
June 15
