banking industry

Senator Roger Marshall's re-election campaign in Kansas is drawing attention for how credit card policy has become a campaign issue. Commentators note the race illustrates how the Trump era has unsettled the long-standing alliance between Republicans and the banking industry, with candidates and groups sparring over interchange fees and industry ties.

The Indian central government will pay salaries and pensions on September 25, ahead of schedule, because of an approaching bank strike. The early disbursement affects central government employees and pensioners across the country, ensuring payments reach bank accounts before industrial action disrupts normal banking services.

Greg Keeley, chief operating officer of SMBC Americas, has left the Japanese bank's Americas arm, according to an internal email sent to staff on Monday. Keeley had joined the company only last year. The news is circulating among banking and financial services professionals, with industry observers noting the relatively short tenure and the lack of a stated reason for his exit so far.

Sibos 2026, the major global banking and financial services conference, has begun, and coverage from its first day reports that artificial intelligence dominated the discussions. Global Finance's conference journal says AI, rather than payments, regulation or other traditional topics, emerged as the real star of the opening day, reflecting the industry's current focus on deploying AI across banking operations.

The Federal Reserve Bank of St. Louis has published a banking analytics report examining the performance of the U.S. banking industry in the second quarter. The analysis offers data-driven insight into how American banks have been faring this quarter. No further details from the report are available at this time, and it is not clear what reaction it has drawn.

Adtech company 33Across has relaunched as WealthStage, an advertising platform aimed at banks, lenders, brokers, insurers and trading apps. The new business uses an AI engine that scores household wealth to target financial products, positioning itself for an estimated $124 trillion in wealth changing hands by 2048. Industry observers are questioning which data feeds the engine and what remains of the original 33Across operation.

Goldman Sachs has selected six top stock picks in the European media and internet sector, drawing on insights from recent industry conferences. The bank's analysts highlighted favoured companies after meetings with management teams, offering investors a curated shortlist of the sector's most attractive opportunities.

Dr Fikayo Akeredolu examines three decades of World Bank development advice to Africa and its impact on industrial policy. Writing for African policymakers and technocrats, the piece argues the Bank's prescriptions contradict its own historical findings, a revelation described as shocking for those who have followed its guidance since the 1990s.

Nasdaq has launched an agentic AI environment for its Calypso capital markets platform, adding autonomous AI capabilities to the trading and risk management system widely used by banks and financial institutions. The move signals Nasdaq's push to embed advanced AI tools across its market technology offerings for institutional clients.

Coinbase is reportedly set to turn down an offer of associate membership of UK Finance, the UK banking industry's main trade body. The move would signal the crypto exchange's unwillingness to align itself with the traditional banking lobby, and is being read as a sign of continued distance between the cryptocurrency sector and established UK financial institutions.

The UAE central bank has announced a comprehensive overhaul of the regulatory framework governing takaful, the Islamic insurance sector. The reform, detailed in a client briefing by law firm Pinsent Masons, is set to change how takaful operators are licensed and supervised in the UAE. Financial services professionals are watching closely, as the changes could affect compliance requirements and market structure across the country's Islamic insurance industry.

New analysis argues that AI agents will hurt finance industry profits far less than investors currently fear. The report, highlighted by Forbes and Yahoo Finance, suggests markets may be overpricing disruption risk for banks, asset managers and other financial firms facing automation pressure.