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The Trump administration will not approach economic policy like the Federal Reserve does, but the central bank can still address its own problems before the new administration intervenes.

Receiving Wide Coverage ...White to leave: Securities and Exchange Commission Chairman Mary Jo White said she plans to step down in January at the end of the Obama administration, "opening the door to a new Republican-appointed leader who could move to loosen rules on Wall Street and curb the aggressive enforcement approach Ms. White prosecuted," in the words of the Wall Street Journal. White is the first major Obama appointee to announce a departure after Donald Trump's victory last week, but White intended to leave regardless of who won the election. Other financial regulators are expected to follow her out the door. Wall Street Journal, Financial Times, New York Times, Washington Post

The reports at first seem striking: India's abrupt recall of its larger cash notes has caused a dramatic uptake in mobile payments, likely spurred by staggering lines at bank branches and ATMs.

As online fraud becomes more pervasive, merchants need to strengthen their defenses against would-be cyber thieves.

There are security gaps in chip cards that are vulnerable to new types of skimming. Biometrics can help solve this problem, and will also prove handy as EMV cards migrate to smartphones.

On June 30, 2016. Dollars in thousands.

On June 30, 2016. Dollars in thousands.

On June 30, 2016. Dollars in thousands.

American Banker is pleased to bring you Breaking Banks, hosted by Brett King, and featuring the editors of American Banker.

The founder of Sterling Bancshares in Poplar Bluff, Mo., has resigned a month after he being placed on administrative leave.