EverBank’s Reverse Merger With WaFd Builds a $75 Billion Challenger to Regional Giants
EverBank Financial agreed to combine with Pacific Northwest lender WaFd in a reverse merger that would create a roughly $75 billion-asset ...
Global Banks Combine on Stablecoin Push as Singapore Tightens Select Rules
A group of major global banks including Citi and Goldman Sachs are cooperating on a stablecoin-related venture, while Singapore simultaneo...
Global Banks Combine on Stablecoin Push as Singapore Tightens Select Rules
A group of major global banks including Citi and Goldman Sachs are cooperating on a stablecoin-related venture, while Singapore simultaneo...
Trump-Backed World Liberty Secures OCC Bank Charter for Stablecoin Operations
The Office of the Comptroller of the Currency granted preliminary conditional approval on August 14 to World Liberty Trust Co., a subsidia...
JPMorgan Unveils AI Risk Initiative as Dimon Warns of Workforce Disruption
Jamie Dimon, chairman and chief executive of JPMorgan Chase, has long framed artificial intelligence as a transformative force comparable ...
Goldman Sachs CEO Backs Crypto Clarity Act in Break With Banking Peers
Goldman Sachs chief executive David Solomon publicly endorsed the Clarity Act on Wednesday, breaking with other major Wall Street bank lea...
SWIFT builds blockchain ledger for tokenized bank deposits, challenging stablecoins
The global payments network SWIFT has launched a blockchain-based ledger built on tokenized bank deposits, offering financial institutions...
Fed Bank Stress Tests Highlight Narrow Focus on Data Center Risk
When the Federal Reserve releases its 2026 bank stress test results at 4 p.m. ET on Wednesday, the headline will almost certainly show tha...
Finance Firms Are Moving Faster on AI, and Governance Is Catching Up
AI adoption in finance is accelerating, but governance, model risk and oversight are becoming central to the next phase. AI adoption in ...
Regulators Are Starting to Treat AI as a Financial Stability Issue
The Bank of Englands AI risk testing shows regulators are moving from fintech curiosity to financial stability oversight. Artificial int...