The instant payments company announced a $155 million fundraise and has filed to acquire Transact Bank, which it wants to convert into TabaPay Bank.

Banks are more prone to say artificial intelligence model performance has a high level of risk than credit unions, according to new American Banker research.

Block added 30,000 sellers to what it calls "Neighborhoods," a proprietary distribution network that connects Cash App users with Square sellers. It is a key initiative Block CEO Jack Dorsey first outlined in 2024 as a way to meld the company's then-separate business lines to achieve network effects.

The core provider says ShinyHunters' breach affected fewer than 10 financial institution clients.

Federal Reserve Bank of New York President John Williams said Wednesday that inflation expectations remain well anchored, suggesting a "wait-and-see" approach for monetary policy.

The crypto firm has resubmitted its request for a national trust bank charter from the federal agency after its first filing was quietly returned.

Farmers & Merchants Bank of Long Beach took an $85 million loss on the sale of $1 billion worth of municipal bonds. It plans to reinvest the proceeds into higher-yielding loans and investments.

The proposed investment rules for Section 530A accounts, also known as Trump accounts, limit choices, and advisors say that could make decisions easier.

Princeton Professor Markus Brunnermeier warned bank regulators to get ahead of the risks AI poses to banks and markets.

dLocal, whose clients include Amazon and Uber, is trying to build a global transaction network amid a heightened awareness of "payments sovereignty." Yang Yang Zhang, dLocal's new APAC head, spoke with American Banker about how the firm is managing the pressure.

The Republican proposal would bring the CFPB under congressional appropriations and curb several of its regulatory powers.

Markets are still pricing in an increase in the federal funds rate later this month, but Federal Reserve Gov. Michael Barr said his vote will depend on incoming unemployment and inflation data.

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.

Many traders took the Federal Reserve chair's tough talk on inflation as a signal that the central bank is poised for a rate hike, but the corresponding dip in long-dated bonds proved short-lived.

Florida, Georgia, Texas and Arizona are all states where U.S. Bank, which operates mainly in the Midwest and the West, sees growth opportunities.

The robots, which have the dexterity of a human arm and can open envelopes, remove staples, and scan documents, are being used in its Chicago lockbox and will eventually be deployed in its six other lockbox locations across the U.S.

The crypto company made the acquisition to expand its institutional platform after it received approval from the OCC for a national trust bank charter.

Borrowing against art can offer liquidity without triggering capital gains, but high costs keep it from becoming a first-choice strategy.

A continuing resolution to fund the government through mid-December would prevent the White House from blocking grants — including some in the banking sector — to states and municipalities that voted against President Donald Trump.

Bank of America Securities research shows this sector has had its best year since at least 2017, but some trends in the market point to a need for caution.