Comptroller of the Currency Jonathan Gould said one of the early messages he is hearing from banks and supervisors revolves around an uneven playing field between small banks and their core providers, but suggested formal rules to address the problem are not imminent.

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.