The topic of AI implementation came up on several big banks' first-quarter earnings calls. Morgan Stanley CEO Ted Pick said Wednesday that the firm views AI as a friend.
After a strong first quarter, America's second-largest bank hailed the resilience of the U.S. consumer, but also forecast rising inflation in the near future.
Anthropic's new AI model can autonomously exploit software flaws, prompting urgent security meetings among U.S. and U.K. financial regulators.
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Banks must plan to support decentralized finance without disturbing their existing businesses. That's easier said than done.
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Brazil's real-time payment rail is adding PayPal as an option for small- to medium-size business payments; HSBC is launching a Hong Kong dollar-denominated stablecoin; Sezzle expands BNPL; and more in this week's global payment roundup.
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The card network expanded work with blockchain firms OwlTing and Tempo, increasing its reach into agentic commerce and stablecoins.
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Finance and education veteran Walter Rendon wants to ensure that more young people get the training and mentorships that helped him break into the field.
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Touchstone Wealth Partners is the fourth team with more than $1 billion in client assets to join Wells Fargo's FiNet unit this year.
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For advisors like Chris Diodato of WELLth Financial Planning, everything from insurance to industry software is costing more these days.
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Large loan balances are increasingly common in non-QM and HELOC securitizations, bringing faster prepayments and higher delinquency risks, Bank of America Securities research shows.
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Half of Gen Z homeowners and 44% of millennial homeowners were at risk of missing at least one mortgage payment over the last two years, ServiceLink found.
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Company team members, including those in affiliated business arrangements, will be eligible; real estate and joint venture agent partners will not be.
The move is the first cog in a wider plan to make tokenized deposits more interoperable across borders and, eventually, among the bank's clients.
Goldman CEO David Solomon called the overall macroeconomic environment "constructive" on Monday, but he also addressed the elephant in the room: a war in Iran that threatens to drive up U.S. inflation.
President Donald Trump said he would fire Federal Reserve Chair Jerome Powell if he does not resign after his term as head of the central bank ends in May. Trump made a similar threat against Fed Gov. Lisa Cook before attempting to fire her last August.
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Banks are currently underwriting mortgages based on one-year property insurance contracts. The Federal Housing Finance Authority should use its influence to build longer-term climate risk assessments into loans.
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The credit card giant's BVNK acquisition wasn't a bet on crypto hype. It was a hedge against irrelevance. It suggests that the companies that defined the last era of finance are now preparing for a very different future.
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The development of artificial intelligence could be used to embed a moral architecture in the new financial system.
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Bank of America and Oracle are among those tweaking their treasury management and supply chain technology, partly to address clients that face cash management challenges from geopolitical risk.
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The crypto exchange is refusing to pay criminals who accessed internal systems through rogue employees, sparking concerns over its new Fed master account.
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Four years ago, the Detroit-based auto lender made a pledge to support men's and women's sports with equal advertising dollars. It's reached that goal a year ahead of schedule — and it's not stopping there.
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Bank executives are taking Anthropic's new AI seriously, but cybersecurity experts are dismissing the doomsday framing as a clever marketing schtick.
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The San Francisco-based banking giant reported increased earnings and continued benign credit conditions, but net interest income fell short of Wall Street's expectations.
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