BankThink
On-chain infrastructure is making idle balances obsolete. The OCC needs to act before banks lose the ability to compete in a market where consumers no longer tolerate below-market-rate returns.
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A reporter claims to have answered the question of the identity of bitcoin's creator but the more interesting question is: What does bitcoin say about money and monetary systems?
April 9
American Banker -
Banks' core ledger systems are a sclerotic holdover from the past. The future belongs to the banks that set them aside and allow transactions to close in real time.
April 8
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Traditional banks ceded control of the fastest-growing segment of infrastructure finance — renewable energy — to private capital. The question now is whether they can reclaim some share of what's left over.
April 7
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Goldman Sachs comes under fire for its commitment to diversity, and Jamie Dimon sounds like he's running for something.
April 7American Banker
JPMorganChase, Citi, Bank of America and Anchorage Digital are among the banks that are using or planning to work with the Solana distributed ledger and network. Solana Policy Institute CEO Miller Whitehouse-Levine explains how it works.
Goldman Sachs Chief Legal Officer Kathryn Ruemmler received an 11% pay hike last year, bringing her total compensation to $25 million; U.S. Bank promoted Toby Clements to chief operations officer; Klarna is expanding its forward-flow and whole-loan sale deal with Elliot Investment Management to $2 billion; and more in this week's banking news roundup.
Piermont Bank hired Dennis Day for a new executive role focused on payments; the American Bankers Association announced the global expansion of its widely used Fraud Contact Directory; MC Bankshares moved one step closer to finalizing its sale to an investor group; and more in this week's banking news roundup.
Peter Chapman, chief technology officer at Grasshopper Bank, initially saw AI as "the best intern that you could ever have." Today the technology is taking on more advanced work at the bank.
BankThink is American Banker's platform for informed opinion about the ideas, trends and events reshaping financial services. View our