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A widening array of investment banking and trading initiatives across the region is likely to put Morgan Stanley's Asia revenue over the $7.64 billion it posted last year, Asia chief Gokul Laroia said.

The legislation has been able to garner a level of bipartisan support that was not possible in previous Congresses because of a lack of support from Democratic lawmakers, but many of those benefited from crypto industry contributions in the 2024 election cycle. 

Early Warning Services is teaming up with Fiserv to quickly drive uptake for its new Paze digital wallet with merchants and credit card issuers outside of its owner banks. Paze partnered with Worldpay earlier this month to unlock a similar distribution channel.

In 2021, banks pledged to wind down their support for oil and gas. Last year they made a $162 billion U-turn, according to a new report from a coalition of advocacy groups.

The company also launched a similarly priced version for businesses as part of an overhaul marking JPMorgan's latest volley in the ultra-competitive world of premium credit cards.

The bank, which has spent years building an advanced data sharing system, says market forces will drive the project more than political support.

Paula Comings, the head of currency sales for U.S. Bancorp, said American importers are hearing from their foreign counterparties that they no longer want to be paid in U.S. currency.

The co-heads of TD Securities Automated Trading estimate that more than 90% of transactions will eventually be automated.

American Express teased updates coming later this year to its travel-focused Platinum credit cards.

The retail giants are kicking the tires on their own currencies. The potential prize is a way to reimagine prepaid cards and gain a key position as new forms of artificial intelligence-powered payments take off.