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.

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.

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.

Coinbase is reportedly preparing to turn down an offer of associate membership of UK Finance, the trade association representing the British banking and finance industry. The decision would see the cryptocurrency exchange remain outside the main UK industry body at a time when digital asset firms are seeking closer ties with traditional finance. The reasoning behind the move has not been confirmed by either party.

Investors have been selling financial stocks on worries that AI agents will disrupt the industry and erode profits, but analysis suggests those fears are overblown. The report argues that agentic AI is unlikely to undermine finance industry earnings to the degree markets currently price in, offering a more reassuring outlook for banks and asset managers.