America's largest bank saw each part of the bank's performance climb, but especially the markets business. JPMorgan also kept credit in check, despite concerns about geopolitical conflict.
Artificial intelligence giant Anthropic warned that its vulnerability-scanning AI tool could be used to break operating systems. Is it a systemic risk?
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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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The credit card company has issued a developers' kit to perform AI agent verification and aid merchants and shoppers, and is working with agentic AI protocols from other technology companies.
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The Federal Reserve's initial step toward doing away with paper checks is welcome, but any economy-wide transition must consider the needs of a variety of stakeholders, including many consumers who still rely on them.
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Deutsche Bank is raising the base pay of Supervisory Board Chairman Alexander Wynaendts by 21%, Wells Fargo has hired Neil Ghosh as head of chemicals investment banking, Bank of America's Alexandre Bettamio is being considered for chief executive officer of Brazilian stock and derivatives exchange B3 SA, and more in this week's banking news roundup.
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The Minneapolis-based company plans to leverage the arrangement to draw more attention to its growing list of national business lines, transcending its regional reputation.
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The Trump DOL has said it "has no current plans" for further rulemaking, but that contradicts its own notice of potential regulation last year.
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The president of an affiliate mortgage securitization guarantor is taking on the responsibilities associated with the Federal Housing Administration role.
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Bills in Congress, capital rules, GSE reform and credit modernization hold a mix of benefits and risks for Independent Community Banker of America members, Senior Vice President Ron Haynie says.
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Economists surveyed by Wolters Kluwer are scaling back rate cut expectations as Iran conflict-driven energy costs push inflation higher, complicating the Fed's path forward.
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.
Organizers of the Winter Park-based Portrait Bank said they exceeded their capital-raise target by a wide margin, clearing the path for a June soft launch.
Former Federal Reserve Vice Chair for Supervision Randal Quarles, who served during President Trump's first term, said members of the Fed board should be removable by the president, but that the decentralized structure of the Fed will ensure that monetary policy decisions remain sound.
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Former NFL quarterback Tom Brady knew his opponents better than they knew themselves. Smart bankers should too. Here's a 10-point "wristband playbook" for mastering banking's other KYC: know your competition.
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First-quarter earnings will provide insights into how the Iran war is affecting consumers and how AI is changing banks.
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Banks are spending more on security for their executives, given the murder of UnitedHealthcare's CEO; a new lender targets mineral-rights holders.
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The industry reported $275 million in losses from internet crimes last year, a 59% annual increase as losses nationwide surpassed $20 billion.
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Banks are more active in the digital asset option than stablecoins. Those involved say the appeal is the similarity to traditional banking, only faster and more digital.
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Several major financial institutions last year increased their spending on measures to protect top executives, according to public filings. The moves followed the killing of UnitedHealthcare CEO Brian Thompson in December 2024.
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The first U.S. bank to offer an exchange-traded product tied to bitcoin saw $34 million in trading on the first day.
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The fintech rolled out Intelligent Money Movement, a treasury service that combines payments, liquidity management and disbursements as it looks to capitalize on its multiple banking licenses.
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