AI ethics.jpg

Everything from company culture to data security concerns is hamstringing the pace of automation in financial services, per new American Banker research.

Technology
BNY Mellon and Microsoft logos

The custody bank will offer clients technology from Microsoft that lets them analyze their data in near-real time, hosted on the latest versions of Microsoft's public and private clouds.

Christopher Waller

Kraken Financial's receipt of a limited Federal Reserve master account is leading some industry observers to question whether the approval creates a new avenue for master account-seekers or whether it's a preview of the proposed "skinny" account.

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Call for Nominations
Brian Carlin, CEO of UBS Bank USA

Swiss banking giant UBS Group received federal approval from the Office of the Comptroller of the Currency to convert its $1.6 trillion-asset UBS Bank USA from a Utah-chartered industrial bank to a national charter.

Michelle Bowman Jerome Powell

Early industry reaction to the Federal Reserve's Basel III proposals points to potential capital relief for banks, though stakeholders say the complexity of the changes makes their overall impact unclear.