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The Swiss bank turned to a federal judge to mediate its dispute with a Jewish human rights group, but the two sides left the courtroom in deadlock.

The measure, led by Sens. Elizabeth Warren, D-Mass., and Josh Hawley, R-Mo., would require regulators to recoup compensation from bank executives during the five years prior to their bank's failure.

The bank is partnering with a French software company to upgrade its usage of the emerging forms of artificial intelligence. Plus, Ripple plans to buy a local payment company to secure a license in Australia, and more in American Banker's global payments and fintech roundup.

The e-commerce giant has attributed outages to AI-assisted code.

Federal Deposit Insurance Corp. Chair Travis Hill said in a speech Wednesday morning that the agency will move to codify stablecoins as ineligible for deposit insurance — which is required under the GENIUS Act — and that the prohibition likely will include pass-through deposit insurance arrangements.

Federal Reserve Vice Chair for Supervision Michelle Bowman said in a speech Wednesday morning that the central bank's ongoing consideration of changes to its emergency liquidity rules and facilities must align with a separate goal of shrinking the Fed's balance sheet.

PE money eviscerates an RIA's client-first culture, leading to advisor burnout and turnover.

There's a huge difference between short-term volatility and true systemic risk. The current rash of redemptions from private credit funds betrays a misunderstanding of the strengths underlying the business model.

Criminals are using AI and professional crime networks to scale attacks, yielding massive operational risks for banks, according to a new report from Nasdaq.

Kraken's limited account with the Fed raises as many questions as it answers; bank executives worry about the war; Nubank hires a TikTok executive; and M&T CEO Rene Jones joins the Leaders series