Bank Notes

The theft of 153 million drivers' licenses highlights the danger of having a small number of vendors serve an entire industry.

The Federal Reserve is committed to fighting inflation, but it also has to keep an eye on a jobs market that is slowly and steadily losing steam.

People on Kalshi and Polymarket tend to be younger, tend to be poorer, and tend to lose money on the sites, which is how most gambling works.

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.

As summer comes to an end, there are a surprising number of things to keep an eye on. Here is American Banker's handy cheat sheet for the rest of the year.

Banks are putting money into creating services to keep customers happy, but the thing that will keep customers happiest is out of their control.

The Fed's annual Jackson Hole symposium brings together bankers from around the world, but there's really only one question that matters. You know what it is.

Most Americans are seeing their expenses go up, and lots of them are changing their spending habits as a result, which is sapping the economy's momentum.

The Texas Ratio, which tracks banks with underwater loan portfolios, is a reality check for the health of community banking.

Bond yields are rising as the market's under duress and the national debt's crossed the $40 trillion mark; but rising yields aren't all bad for banks.

Most Americans have been at least targeted by fraudsters, and as AI technology gets better the frauds are going to be harder to stop.

Neuberger Berman launched a new junk-bond fund using tokenized securities, a process that has been the focus of crypto firm Securitize for more than a decade.

There are two monster debtors out there — the AI industry and the U.S. government. Is the credit market big enough for the both of them?

The CFTC said it was using 'emergency' powers to keep the lights on at Kalshi after the New York Attorney General sued the sports-betting company.

For the past three quarters, more bank branches have opened than closed. It's a trend, though a slight one.

The July jobs report was bad, but the context is worse: people leaving the labor force, stubborn inflation and rising bond yields.

Congress has little time to move on the CLARITY Act before it breaks for recess. But even that bill won't ensure the future for stablecoins.

Looking at the competitive structure of the core-provider business illustrates why challengers have such a hard time winning business from the big three.

The CLARITY bill is still on Congress' to-do list before their summer break, but some of the more unusual provisions are causing a hold-up.

Digital currency can be tracked and if stolen "burned," then reminted and given back to its rightful owners. That could be a powerful anti-fraud tool.