Paul Vigna

The 21st century financial system that digital currency promised is being built, but by banks, not by the bitcoin crowd.

What do you get when you put two boring, safe industries together with one super-exciting, possibly dangerous industry? We're apparently going to find out.

Market mavens love to wax poetic about the so-called resilient consumer, but the reality is consumer spending is largely underwritten with credit, so it makes sense to keep an eye on credit trends.

The debate over how to define yield in terms of stablecoin rewards feels like the debate over how to define usury in medieval Europe.

Community Bank & Trust in Georgia, the second bank failure this year, shows what happens when bankers don't keep things simple.

Private credit in 2026 may be like subprime mortgages in 2008, but for banks, at least, the reality may be different this time around.

Jerome Powell isn't Fed chair anymore, but he's staying on the board, which might be uncomfortable for his successor.

Presumptive Fed Chair Warsh isn't a fan of jawboning, but that is actually, exactly how the central bank gets its point across.

Regulators can compel regulated stablecoin issuers to perform AML checks and even freeze assets. But there are a lot of digital currencies out there beyond stablecoins.

The CFPB's small-business-data rule is a lesson in what happens when nobody agrees.

Some financial companies are noticing the effects of the war on consumers; they're not concerned yet, but they are paying attention.

First Citizens finally pulls the plug on the failed bank it acquired in 2023. Also, prediction markets are keeping regulators and lawyers busy.

LendingClub has decided to rebrand itself as Happen Bank. What will happen to its ticker symbol?

Iran is charging tolls to cross the Strait of Hormuz, and demanding payment in crypto, which helps it both raise money and evade U.S. sanctions.

The president's nominee for Fed chair should get a hearing, and there will be a lot of questions. What he isn't getting, at least right now, is a vote.

The U.S. is preparing to turn its conflict with Iran into the kind of economic war that Iran has been waging since the start.

JPMorganChase, Bank of America and PNC are all investing money into new branches; actual, physical branches. Not many, but they are doing it.

The development of artificial intelligence could be used to embed a moral architecture in the new financial system.

Goldman Sachs' earnings were stellar, and the other major will likely also be strong; but the details beyond the bottom line that are worth paying attention to.

First-quarter earnings will provide insights into how the Iran war is affecting consumers and how AI is changing banks.