Daily Edition

Both banks deny their networks were breached. Experts say the data likely points to a single vendor that was compromised.

James filed a pair of lawsuits against Coinbase and Gemini arguing that they violated New York's sports gambling laws.

Credit risk transfers, a means by which banks can move risk off their balance sheets, earned considerable bipartisan support in a House Financial Services subcommittee hearing Wednesday.

Tether launches a wallet, Rain issues a crypto card and MoneyGram extends stablecoin services in El Salvador. That and more in American Banker's global payments and fintech roundup.

American Banker's 2026 AI Talent Shift survey found that half of all respondents said they are at least moderately literate in AI.

Treasury Secretary Scott Bessent on Wednesday defended cuts to the Community Development Financial Institution Fund in the president's 2027 budget, telling the Senate Appropriations Committee that the program had pursued a "partisan wish list."

The Cleveland-based regional bank plans to acquire Clearwater UK, a middle-market investment banking advisory firm. The transaction marks Key's first entry into the Western European market.

The card network and the video platform are issuing a credit card in the U.K. to address irregular compensation patterns for creators.

The Consumer Financial Protection Bureau has finalized changes to Regulation B, which implements the Equal Credit Opportunity Act, to eliminate any liability for indirect discrimination by lenders. The change represents a major shift in how the agency polices lending discrimination.

Financial advisors can differentiate themselves by knowing when to apply the tax-friendly strategy — and when to take a pass.

As capital requirements on U.S. banks are relaxed, and regulatory oversight is pulled back, bankers remain ultimately responsible for managing the risk on their books. This will require drawing clear, internal lines of accountability.

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

Economists and policy analysts say a prolonged disruption in the Strait of Hormuz — and uncertainty about the duration of the conflict — could drive up inflation and further weaken consumer sentiment, which could weigh on bank earnings.

An unpatched vulnerability in Anthropic's Model Context Protocol creates a channel for attackers, forcing banks to manage the third-party security risk.

The McLean, Virginia-based company continues to tout its willingness to invest in longer-term opportunities. Executives declined to provide a shorter-term expense forecast, and its stock price fell in after-hours trading.