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In his first congressional appearance as Fed chair, Warsh criticized past bailouts and voiced concern over stablecoin risks, without ruling out future intervention.
July 14 -
The San Francisco-based banking giant remains on track to hit its $50 billion spread income target for all of 2026, CEO Charlie Scharf told analysts.
July 14 -
JPMorganChase CEO Jamie Dimon declined to give specifics on when he will step down, saying the decision ultimately rests with the board of directors.
July 14 -
Alex Karp told CNBC the frontier model providers are charging too much for tokens and taking customers' intellectual property. Here are the risks to bankers' strategies.
July 14 -
CPI inflation remains above the Federal Reserve's 2% target, but the slower rate of increase gives the central bank time to weigh the best course of action.
July 14 -
The card network's AI Financial Assistant uses information from 257 billion yearly transactions to inform "conversational" advice embedded in banking apps.
July 14 -
The only thing we know about the next financial crisis is that it won't look like the last one. But specific changes to bank safety and soundness requirements and clearer regulatory authorities would help us respond.
July 14
Bovenzi Group -
The New Jersey bank has attributed a 60% reduction in document-related task time over the past three months to an AI agent from fintech provider nCino.
July 14 -
The biggest core providers have each tied their security to a frontier AI developer. The guidance that would govern any of it excludes agentic AI.
July 14 -
Michael Burry, a GSE investor and early predictor of the Great Financial Crisis, is eyeing the senior preferred liquidation preference and a 2028 deadline.
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