Life and annuities insurer Athene borrowed nearly $23.3 billion from the Federal Home Loan Bank system in the US last year. The FHLB’s financial report for 2025 shows that Athene, which is owned by ...

A top banking regulator is on the verge of letting crypto firms become banks. Banks aren’t happy about it. Jonathan Gould, one of the country’s most powerful banking regulators, has given the green ...

Since its inception in the 1960s, COBOL (Common Business-Oriented Language) has served as the backbone of global financial transaction systems. Valued for its stability and efficient processing ...

The Federal Reserve and other financial regulators will soon release proposals to loosen some planned rules on how much capital banks must hold in reserve to mitigate risks. By Stacy Cowley Federal ...

Replacing a bank’s core system is one of the most complex technology projects a financial institution can undertake. More banks are now trying to reduce reliance on older systems and change more of ...

Wall Street investment bank Morgan Stanley is planning to eliminate roughly 2,500 jobs worldwide, trimming about 3% of its workforce as layoffs continue to ripple across the financial sector.

Crypto just took a big step closer to becoming integrated into the mainstream financial system. Kraken’s banking unit has won access to the Federal Reserve’s core payment systems, making it the first ...

Forbes contributors publish independent expert analyses and insights. Writes about the future of payments. This voice experience is generated by AI. Learn more. This voice experience is generated by ...