“What Do Over 3,000 Bank Runs Teach Us About Banking Crises?”
Bank runs are much more likely at weak banks and far more likely to end in failure when a bank has poor fundamentals, according to New York Fed researchers, whose findings suggest that strong capital, funding, and overall financial health matter more than the run itself.
“The Future of AI in Banking Is Becoming Clearer. Do These Three Things Now to Stay on Course”
Artificial intelligence is moving beyond chatbots to tools that can onboard customers and support lending decisions, among other capabilities. Banks should focus on gaining experience with multiple AI models, developing AI skills throughout the organization, and prioritizing deployment within trusted, secure environments that can evolve with the technology, this article says.
Also check out how banks can prepare for agentic payments.
“JPMorgan, Bank of America and Other Banks Explore a Deal to Shake Up Payments World”
Several big banks are reportedly exploring the purchase of a Fiserv-owned debit network, a move that could change how debit payments are processed and potentially create a path for the acquiring banks to reduce the impact of the Durbin Amendment fee limits.
“Sony Receives OCC's Conditional Approval for Trust Charter”
Sony received conditional approval to form a national trust bank focused on issuing and managing stablecoins in the U.S. The approval comes as national trust charters have drawn increased interest under OCC Comptroller Jonathan Gould.
“U.S. Bank Pursues Gen Z With Payments-First Strategy”
U.S. Bank is using credit cards and payments products to build relationships with younger customers, with the goal of turning everyday payment activity into deeper banking relationships and lower-cost deposits.
“Your Next Small Business Customer Is Already in Your Portfolio”
Many community banks already serve small business owners through personal accounts but have not converted them into business banking customers. Existing customer data can help identify cross-sell opportunities more efficiently than finding new prospects, this article argues.
“250 Years Later: How America Got Its Banks”
A Bank Director feature traces the evolution of the U.S. banking system from Alexander Hamilton's national bank to today’s banking landscape, highlighting how debates over centralization, regulation, and competition have shaped its development for more than two centuries.
In Other News
Social media has fueled a sharp rise in “urbexing” (i.e., trespassing) at an abandoned IBM campus in New York, and a Manhattan building appears stable after narrowly avoiding collapse. Think you could save a penalty kick? Play this interactive game to test your goalkeeping skills. Thanks for reading.