Technology
Ted Paris, head of analytics, intelligence and AI, TD Bank U.S.

A TD Bank survey found a massive increase in the ranks of people who talk to ChatGPT about their finances. Ted Paris, the bank's head of AI, says banks still have an opportunity here.

RSAC 2026

A near-collapse of the global software vulnerability database exposed critical weaknesses that could leave banks unable to track cyber threats.

  • Incapital LLC's plan to buy the LaSalle broker-dealer services division from Bank of America Corp. would give the Chicago underwriter a two-thirds share of the retail corporate bond business, but more importantly perhaps, it is a chance to sell fixed-income products to individual investors just as they have started looking for these products.

  • Shares of Washington Mutual Inc., the embattled Seattle thrift company that lost big on bad mortgage bets last year, have rebounded some this year, but Robert Lacoursiere, an analyst at Banc of America Securities, said takeover speculation has given the stock an artificial boost.

  • Incapital LLC, a Boca Raton, Fla., corporate bond manager, said Monday it plans to acquire Bank of America Corp.'s LaSalle Broker Dealer Services division.

The company’s retail banking and auto-lending businesses in the U.S. generated a larger share of overall profits in the first quarter, and Executive Chairman Ana Botín and other executives unveiled expansion plans for both units.

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The Consumer Financial Protection Bureau issued guidance reminding banks that they must be able to prove that consumers have opted in to overdraft services in order to charge overdraft fees.

CarverBL1027

Donald Felix, who has previously worked at JPMorgan Chase and Citi, will become Carver's president and CEO on Nov. 1. He succeeds interim CEO Craig MacKay, who's been running the unprofitable bank for the past year.