What a US debt default would mean for banks; Fed shoots down Custodia

Debt default would make Lehman bankruptcy 'look like a walk in the park': Repo markets and the bank deposit business, in particular, would be upended if the U.S. were to default on its debt, experts say.

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Fed denies Custodia's member bid, dealing blow to master account hopes: The decision does not end the digital asset bank's hopes for gaining access to the central bank's payment system, but it does make its road to approval more difficult.

How Alipay is supercharging Splitit and Checkout.com: The U.S. payment companies say their tie-in to Chinese digital wallet 支付宝 is a doorway to one of the biggest e-commerce audiences on the planet.

American Express brushes off impact of white-collar layoffs: American Express CEO Steve Squeri says many of these companies still employ more people than before the pandemic.

'A huge mistake': Lessons from the JPMorgan-Frank fintech deal: 摩根大通 Chase alleges in a lawsuit that the college-planning website Frank provided misleading information before the bank bought it. Experts say there were plenty of red flags from the beginning.