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A study of consumer-banking queries fielded by ChatGPT, Claude, Gemini, Perplexity and Google AI Overviews, found the nation's largest bank has nearly a third of the models' mindshare.

William (Bill) Rogers Jr., chairman and chief executive officer of Truist Financial Corp., speaks during a House Financial Services Committee hearing in Washington, D.C., US, on Wednesday, Sept. 21, 2022. The CEOs of the biggest US consumer banks are set to warn lawmakers that Americans are struggling amid surging inflation, as they brace for tough questions about how they're helping customers being pummeled by rising prices. Photographer: Al Drago/Bloomberg

The Charlotte, North Carolina-based bank stopped originating marine and recreational vehicle loans during the second quarter. Executives said the change will reduce net interest income in the short term, but deliver higher profitability over the long run.

Sen. Ruben Gallego, D-Ariz.

Draft cryptocurrency market structure legislation published Wednesday includes an ethics agreement that falls short of what Senate Democrats want and stablecoin yield language that banks have already disavowed.

Technology
Jonathan Gould

There's been an onslaught of nonbank financial technology company charter applications and approvals already this year.

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