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.

Goldman Sachs has automated the voting options available to retail investors, allowing clients to submit proxy votes through an automated system rather than manual processing. The move, reported by Private Banker International, is part of the bank's broader push to digitise services for individual investors and streamline how they participate in shareholder decisions at companies they hold.

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.

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.

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.

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.

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.

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.

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.