After a quarter in which Goldman Sachs beat Wall Street's expectations, CEO David Solomon said he was seeing a "meaningful improvement" in the macroeconomic environment.
The latest generation of anti-money-laundering software uses agentic AI to help alleviate AML alert fatigue. Experts say this use of the technology is promising, though they offer some caveats.
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Companies such as Visa and Mastercard, as well as banks and retailers, are stepping up their investments in artificial intelligence to reach small businesses and spot new uses.
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The subpoena asks the company to produce documents tied to its work on the dollar-linked stablecoin PayPal USD. The company says in a regulatory filing that it's cooperating with the probe.
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Alex Chriss, the new chief executive, says the firm aims to reverse its stock slump by assessing its business to favor its best-performing products.
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Charles Schwab Corp. has reported significant January increases in total client assets and new brokerage accounts, the latest in a string of positive developments for both the company and the financial services industry as a whole.
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With $4 billion of assets under management, the financial advisory firm James E. Bashaw & Co. does not really need to reach out to new kinds of clients.
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Many investors are pouring money into managed futures funds — to the tune of billions last year alone. They have their reasons: Impressive returns through the financial crisis, lower minimum investments and returns that almost never mimic the stock markets'.
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Time and again, two former associates of President Trump deceived banks in connection with loan applications. Their wealth, proximity to power and willingness to tell big lies all appear to have helped them get away with brazen schemes.
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The White House confirmed that it plans to nominate Mark Calabria as the next director of the Federal Housing Finance Agency.
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An agency report said servicing portfolios have shrunk by nearly half in 10 years as much of the mortgage market has shifted to nonbanks.
The ubiquitous coffee chain is making new inroads with its mobile payments app, and its success underscores how nonbanks can outdo banks at their own game and should be watched closely by banking industry participants.
A year ago, the National Community Reinvestment Coalition accused KeyBank of redlining. On Wednesday, the NCRC and Key announced a $25 million "agreement" that NCRC CEO Jesse Van Tol says could open the door to a new community benefits plan.
Bankers applauded the news, which means that it's possible for crypto-custody efforts at depository institutions to scale.
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Demand for advances from the Home Loan banks has plummeted as the Federal Reserve has flooded the financial system with liquidity. But with a nudge from Congress, these government-sponsored enterprises could remain relevant by broadening their mission and opening membership to more lenders.
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The Federal Deposit Insurance Corp. might need to borrow money from the Treasury Department to manage the orderly liquidation of a systemically important bank. But if Treasury can’t legally issue more debt, that money may not be available.
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Financial services companies tend to push out older employees. That’s a mistake, both because of the loss of institutional knowledge and because it’s older bankers who can build the best rapport with boomer customers.
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Heitsenrether has been leading the charge on deployment of advanced AI throughout the bank.
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On Beer's radar: AI, quantum computing, concentration risk
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Piepszak kicked off the year stepping into the chief operating officer position, but she's taken herself out of the running for CEO.
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The Most Powerful Women in Banking, No. 3, Marianne Lake, JPMorganChase
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The Oklahoma City native, who joined Truist in early 2024, oversees a mix of businesses including commercial and corporate banking, commercial real estate, investment banking and wealth management.
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Under Habner's leadership, Citi has become the third largest issuer in the U.S. general purpose credit card market.
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Under Johnson's leadership, Franklin Templeton launched a private equity fund along with two real estate funds in 2024.
Yeshaya, a daughter of immigrants, said she sees the challenges she's faced as opportunities for growth.
The 23rd annual ranking of women leaders in the banking industry.
- Partner Insights from Alacriti
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