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.

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 Financial's receipt of a limited Federal Reserve master account is leading some industry observers to question whether the approval creates a new avenue for master account-seekers or whether it's a preview of the proposed "skinny" account.

In a sternly written footnote, federal Judge Steven Merryday said the SEC's refusal to release information on its penalty calculations appears to "countenance duplicity, gamesmanship, neglect, insouciance" or worse.

At an industry conference Tuesday, bankers said that an extended war with Iran will result in adverse economic conditions, including inflation.

Kim Farrell, former global head of creators for TikTok, joins the Brazil-based neobank to develop its international brand strategy as it expands into the U.S.