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The technology that powers large language models like ChatGPT, Claude and Gemini is designed to predict what is going to come next. Affirm contends the same technology can be used for underwriting.
Dime Commercial Bancshares agrees to acquire ES Bancshares, Mary Elizabeth Taylor joins Block as head of Americas public policy and government relations, Bank of America names Jim Fitterling and Bill Thomas to its board of directors, and more.
The New York-based regional bank now expects to achieve its strategic objectives in 2028, a year later than previously expected, as higher interest rates weigh on profits.
Since stepping into her position as private wealth director, Krista Goryl has been busy traveling the country to help advisors harness the firm's offerings — from tax planning and trusts to specialty assets and family dynamics — to better serve wealthy clients.
First Citizens executives touted the success of the company's recent deal to acquire 138 BMO branches. They signaled openness to similar transactions in the future.
The Office of the Comptroller of the Currency dropped a presumption against yield arrangements in its final stablecoin rule, leaving the licensing process as the venue for issuers to find out if their yield arrangements pass muster.
Attackers fired millions of attempts at two critical PHP flaws. One credit union briefly went dark, but no U.S. bank has reported a compromise.
The financial institution did not link the reduction directly to new technology, saying it needed to "reduce layers."
Risk and compliance executives shared how they're responding to rapid changes in bank regulation at American Banker's Most Powerful Women in Banking Conference.
Larger firms have the governance, vetting and training to deploy AI. Smaller firms are racing to catch up.
Stablecoin issuers back their dollar-pegged assets with short-dated U.S. Treasuries. As the industry expands, they are picking up the slack left by traditional buyers who have soured on U.S. government debt.
The Securities and Exchange Commission is examining the growing private-credit market, telling asset managers and insurers to "maintain rigor" in how illiquid and opaque assets are valued and in how the risks get disclosed to investors.
While robust C&I lending drove an earnings beat, Chairman and CEO Steve Steinour called market turbulence a cause for concern.
While credit sales grew 9% in the third quarter, Bread Financial CEO Ralph Andretta said that consumers with lower credit scores showed greater selectivity in their purchasing patterns.
With the big card companies scheduled to issue quarterly reports next week, they're releasing a number of products that support digital assets and artificial intelligence.
Speakers at the Most Powerful Women in Banking conference shared some of the challenges they are dealing with as employees lean on AI agents and AI agents start to become employees.
Eagle Bancorp's higher-risk loans declined 41% from a year earlier, but its nonperforming assets rose. New CEO Stephen Curley is working to strengthen the bank's balance sheet, which has been hurt by troubled office loans, and expand lending.
Industry consultants say one of the surest ways to lose advisors is to make frequent changes to their pay. Perhaps with this in mind, Merrill sticks to its basic compensation grid while seeking to boost recruiting.
The regional bank said it will close the Truist Leadership Institute by the end of the year. The announcement comes just weeks after the arrival of CEO Mike Lyons, who is conducting a detailed review of Truist's businesses and operations.
The ICBA-supported Romance Scam Prevention Act requires fraud-ban notices that most apps already send.
Comptroller of the Currency Jonathan Gould said Thursday that national banks are "well fortified and well guarded" against cyberattacks, but stayed mum on who is liable when breaches occur.
Axos Advisor Services, Hilltop Securities and Innovayte may not be as large as industry giants like Schwab, Fidelity and Pershing, but each has built a solid base of clients. And the three underdogs may have more opportunity in a fast-shifting fight for RIA clients.
The application of AI agents operating on new payment rails and the rapid adoption of tokenized assets will work together to drive changes to the banking industry at an unprecedented pace, scale and breadth.
The OCC left the door slightly ajar for stablecoin issuers to engineer schemes to pay yield; but even that won't solve their biggest problem.
At issue is whether fees charged by the company for providing the ability for borrowers to pay by telephone run afoul of state regulations.
At American Banker's Most Powerful Women in Banking Conference, risk experts emphasized industry collaboration for addressing cybersecurity and fraud risks.
The Little Rock, Arkansas-based bank continues to grapple with headwinds in its commercial-real-estate portfolio, with paydowns outstripping originations
More clients are engaging in phased retirements including some type of work. These plans have implications for both the financial and psychological parts of advising.
Charles Schwab is making good on its long-mulled plans to charge news fees to providers of ETFs. Investors are likely to bear the costs.
The Treasury official's comments increased the price of the government-sponsored enterprises' stock even though he indicated there would be no near-term reform.
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