Technology

The banking-as-a-service pioneer has been reeling from the business since an enforcement action from a federal regulator last year.

Screen shot of Anthropic's Claude generative AI assistant

New York Life and D.E. Shaw are among the companies encouraging use of large language models throughout their organizations.

map visualization

The Spanish banking giant is accelerating its U.S. growth plans with the pending acquisition of Webster Financial in Connecticut. The combined entity will be the second-largest foreign-owned bank operating in the country.

Michelle Bowman

Federal Reserve Vice Chair for Supervision Michelle Bowman said in a speech Tuesday that the central bank is considering a "fundamental reform" of the discount window, including streamlining rules and processes across the Fed system.

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