The Justice Department has asked the high court to intervene and halt reinstatements of federal employees who were fired by the Office of Personnel Management.
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.
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Klarna Bank said it raised $1 billion at a valuation of $31 billion, triple the price investors gave the Swedish payments firm during its last funding round, following rapid growth in its U.S. business.
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As wireless handset costs rise, American Express is throwing in insurance coverage for phone repair or replacement on top-tier rewards cards as another way to get upscale travel-and-entertainment customers to stick around as the pandemic drags on.
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The council plays a critical role ensuring technology meets robust security needs as fraud risks rise, says MYPINPAD's Justin Pike.
A near-collapse of the global software vulnerability database exposed critical weaknesses that could leave banks unable to track cyber threats.
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Geneos Wealth Management Inc. of Denver, a broker-dealer that serves financial advisers, said it has agreed to buy Portfolio Design Advisors LLC, an investment management firm in Seal Beach, Calif.
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Hartford Financial Services Group Inc. of Connecticut announced Thomas M. Marra, 50, its president and chief operating officer, will retire July 3 and that he has resigned from the board of directors.
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Genworth Financial Inc. of Richmond, Va., has a new insurance platform.
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A month after House Financial Services Committee Chairman Barney Frank told the Federal Reserve Board to use or lose its power to ban unfair and deceptive banking practices, the Massachusetts Democrat said he wants to hand that power to two other agencies.
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WASHINGTON — Seeking to mollify critics in Congress, Federal Reserve Board Chairman Ben Bernanke on Wednesday said the central bank would issue rules this year to curb abusive lending.
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The Office of Thrift Supervision is planning to release an advance notice of proposed rulemaking in a few weeks that would define unfair and deceptive lending practices, the agency's deputy director, Scott Polakoff, said Wednesday.
Net interest income at Bank of America rose 22%, exceeding expectations even in a higher-rate environment. However, net income fell as expenses rose and investment banking revenues fell amid market tumult.
On Friday, Federal Reserve Vice Chair for Supervision Michael Barr will share findings from his review of the supervision of Silicon Valley Bank before its failure last month.
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Universal standards such as the nonprofit nexo can support card payment acceptance stakeholders through a portfolio of implementation specifications and messaging protocols that harness the power and interoperability potential of the ISO 20022 standard.
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The credit union regulator’s proposal to raise the appraisal threshold for nonresidential real estate loans won’t harm the economy or consumers, contrary to critics’ claims.
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Advancements are bringing improvements to risk and user experience, but global reach remains a top priority, writes Marc Recker, global head of institutional market management and cash management for Deutsche Bank.
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Employees are using generative AI more than their bosses think they are, research suggests. Some say part of the answer lies in AI-use policies.
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The bipartisan co-chairs of the Community Financial Development Institution caucus sent a letter urging the Trump administration to continue supporting the CDFI Fund after it was slated for cuts in a recent executive order.
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Federal Reserve policymakers said that the U.S. economy remains on sound footing, despite recent setbacks, and that two interest rate cuts lie ahead. Bank stocks advanced on hopes for loan growth and more M&A.
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The small-business lender bought a Chicago community bank in what some experts say will be the first of many such deals.
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Marc Rowan's membership on Frank's board was cited by the defense at the beginning of trial as showing Charlie Javice's company was a legitimate and credible business.
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The Independent Community Bankers of America wants Congress to eliminate tax exemptions for credit unions with more than $1 billion of assets, scaling back an earlier request that would have targeted the entire credit union sector.
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The Federal Reserve's top regulator said banks drop customers they see as too risky, and anti-money-laundering actions are "just straight-up-the-middle risk management and banking."
Executives from Circle, Coinbase and Custodia Bank are among those cheering the Trump administration's pro-crypto moves.
The 23rd annual ranking of women leaders in the banking industry.
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