Fund manager Amvescap PLC said Tuesday that its assets under management fell slightly in June.
The London company said it was managing 0.19% less of assets at June 30 than at May 31; the total fell to $413.8 billion. Amvescap, which operates fund brands like Invesco, AIM, and Atlantic Trust, said its long-term fund assets rose 0.17%, to $352.7 billion, during the month but that money market assets fell 2.24%, to $61.1 billion.
The payments giant is counting on the FIFA World Cup this summer for windfalls in its consumer and commercial businesses. Long-term, agentic commerce is creating a whole new ecosystem to which Visa can attach itself, Visa CEO Ryan McInerney said on a call with analysts.
For the Denver-based parent company of Sunflower Bank, the first quarter of 2026 was not entirely sunny. Loans grew dramatically, but so did charge-offs, with the lender charging off two credits worth more than $10 million.
The investment firm's Alternatives division comprised a majority of the online lender's $60 million Series C funding round.
While stablecoins aren't widely used for payments, banks still have a role to play in leading the market.
Celtic Bank is the latest large Small Business Administration lender to turn to an AI origination platform for smaller-dollar loans. Live Oak Bank, which has been piloting the same platform, says it's poised for big growth in the same segment.
The Federal Open Market Committee's April meeting — likely Federal Reserve Chair Jerome Powell's last — is unanimously expected to keep interest rates steady, but questions about energy, inflation and the upcoming transition in leadership still loom.
