Bridge will join a number of digital asset firms vying for the coveted charter, seizing on the crypto-friendly environment in the second Trump term.
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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Taking the reins again as chief executive of Block following the recent departure of CEO Alyssa Henry, Jack Dorsey has launched internal changes to jump-start growth, eliminate silos and promote the use of artificial intelligence.
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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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Deborah McWhinney, the head of Citigroup's flagging personal banking and wealth management group, is leaving her post after a tumultuous two-year run in which she attempted to makeover the nation's third-largest bank following the spin-off of its Smith Barney brokerage unit in 2009.
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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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The Albany, N.Y., institution has made millions of dollars in mortgages through a program launched in July meant for those who do good in the world.
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The Federal Housing Finance Agency has proposed barring Fannie Mae and Freddie Mac from using credit scores developed by VantageScore over concern about conflicts of interest with the joint venture of Equifax, Experian and TransUnion.
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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.
TD Bank's efforts to be responsive and natural on Twitter and Facebook have earned it a top ranking among its peers.
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.
Bank of Montreal dismissed a managing director on its US mortgage-backed bond desk in connection with a regulatory probe into misleading marketing practices.
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Hiring fewer front-line workers but paying them more could improve customer experiences, strengthen employee retention and reduce stress for managers.
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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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Within the bank's tech, operations and services organization, Brady has minimized turnover and preserved institutional knowledge.
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In 2024, as the Alabama-based bank was facing more competition on its Southeast home turf, Danella was laser-focused on customer satisfaction.
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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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Fogarty, who was promoted to chief operating officer of investment services in July, leads the firm's largest business unit.
The imperative is to keep one eye on the business, and the other eye on talent. The former is fed by the latter.
The 23rd annual ranking of women leaders in the banking industry.
- Partner Insights from Alacriti
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