Punishing workers who send remittances overseas is bad policy
A punitive tax on payments sent overseas to the families of immigrants would have a cascading set of consequences — all of them bad.
Fed announces details of 2025 monetary policy review
The Federal Reserve released additional information about its periodic review of its monetary policy strategy, tools and communications framework; TD Bank Group announced Michelle Myers will succeed Anita O'Dell as global chief auditor; Provident Financial Services will expand its commercial
JPMorgan Chase, Mastercard sell crypto-style B2B payment tech
The bank and payment company are using the technology that underpins digital assets to improve interoperability for international transactions, a major point of friction in trade finance.
Bank executives must manage culture risk, Canada regulator says
Canada's banking regulator is beefing up its rules on corporate culture, saying that it expects executives and boards to be accountable.