Bank Notes

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.

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.

The DTCC piloted a tokenized version of its stock-settlement system. But the real future of trading has to involve currency, not just securities.

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.

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?

Kentland Federal became the third bank this year to fail; meanwhile, American Banker today publishes its list of the best-performing small banks.

Trump has until midnight tonight to either sign or veto the housing bill; if he does neither, it automatically becomes law.

Polymarket's process for divining "the truth," the heart of its entire operating model, is itself open to manipulation, a new lawsuit alleges.

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.

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.

The Open Standard consortium understands what makes a stablecoin valuable isn't how digital it is, but how ubiquitous it is

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.

Banks and other companies are starting to face the true cost of buying AI services, and are already looking to cut corners.

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.

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.

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.

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.

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.

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.

The bank has decided it doesn't want to be at the mercy of tech companies and the price they demand for services, and is building its own "AI factory."