Chairman and CEO Jamie Dimon said in a Tuesday statement that "the U.S. economy remained resilient" during the second quarter, adding that the recent tax cuts and potential deregulation are "positive for the economic outlook."
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.
-
The payments subsidiary of U.S. Bank's is taking a new approach that it says can address the expense of setting up a new business.
-
Zepz Group, the U.K. financial technology startup and parent of the payments company WorldRemit, has named Mark Lenhard as its new chief executive, replacing Breon Corcoran.
-
The Federal Reserve will roll out its much-anticipated instant payments system, known as FedNow, in the middle of next year. Yet many questions remain about who it will serve, how it will work and how quickly community banks will buy in to it.
A near-collapse of the global software vulnerability database exposed critical weaknesses that could leave banks unable to track cyber threats.
-
The recruiting wars raged on Tuesday as Merrill Lynch lured a million-dollar producer from Morgan Stanley, and Morgan Stanley, in turn, recruited an adviser from Merrill, plus a team from UBS AG.
-
A new company wants to shake up the way Americans invest by providing individuals with direct access to institutionally priced mutual funds and other investments.
-
Fidelity Investments expects more gains in sales of its 401(k)s through third-party financial advisers to small and midsize companies — and it will reduce fees to capture additional share.
-
Some banks are set to get a fourth-quarter earnings boost from their MSR portfolios, thanks to a sudden spike in yields on Treasury bonds. Add to that the prospect of further rate hikes and the potential dismantling of Basel III, and more banks could be encouraged to re-enter the servicing business.
-
The Federal Housing Finance Agency's decision to raise conforming loan limits in 2016 for the first time in a decade is being met with enthusiasm from the mortgage industry, as it should prove to be a positive for future origination volume.
-
President-elect Donald Trump said in a tweet Tuesday that he is considering Dr. Ben Carson one of his opponents in the Republican primary to head the Department of Housing and Urban Development.
The Dallas-based institution has hired Dan Sheehan, a veteran banker and the former CEO of Professional Bank, to head the effort that will include opening a branch in Palm Beach County later this year.
A combination of higher interest rates and increased vacancies — especially in office buildings — are leading to more apprehensions in commercial real estate.
-
We need to think more systematically about monetary structures and the control of monetary policy, says Cosmos co-founder Ethan Buchman.
-
A spike in demand has led to a bigger emphasis on innovative solutions for the digital payments market.
-
As people begin moving again, digital transactions and customer experience will be key, says WEX's Anant Patel.
-
One of the oldest U.S. banks is taking on custody of RLUSD, as stablecoins continue their perceived march toward general acceptance.
-
The group expressed concern with the White House proposal to reduce the program's funding, and urged Appropriators to fund the bipartisan-backed Community Development Financial Institutions Fund.
-
The union representing the Consumer Financial Protection Bureau in their suit against mass firings at the agency said the Supreme Court's ruling allowing President Trump to proceed with mass reductions-in-force elsewhere does not impact the union's lawsuit.
-
Steep trade barriers that were set to go into effect on July 9 have once again been put on pause, giving banks a welcome reprieve, but adding still more pressure and uncertainty on the Federal Reserve and the broader economy.
-
Business First Bancshares CEO Jude Melville and Progressive Bancorp head George Cummings are both second-generation bank CEOs — common ground that helped propel an $83 million merger deal.
-
A district court judge this week has denied allowing four groups — the American Fintech Council, Financial Data and Technology Association, Financial Health Network and Public Citizen — to file legal briefs in support of a rule on financial data rights.
- Daily BriefingDelivered Every WeekdayIdeas that impact your business delivered to your inbox every day.
- TechnologyWednesday, ThursdayThe latest industry developments from digital banking to cybersecurity to AI.
- PaymentsDelivered Every WeekdayAn early-morning roundup of important headlines from the past 24 hours.
- Best of the WeekFridayThe most important and widely read stories from the previous week.
Financial markets were shaken but not stirred this past spring, according to the Federal Reserve, as swinging stock prices and bond yields did little to bring down elevated asset prices or leverage.
The fintechs at this year's NYC Innovation Lab highlighted the demand for new forms of artificial intelligence in financial services.
The 23rd annual ranking of women leaders in the banking industry.
- Sponsor Content from Refine Intelligence
-
Partner Insights from Alloy -
Partner Insights from Alloy -
Partner Insights from Alloy -
Partner insights from scienaptic
