YoungWilliams P.A.

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Commercial lending

After bruising quarter, Synovus sees credit stability ahead

Charge-offs and nonperforming loans rose at the Georgia bank in the first quarter. But it blamed the problem on one large client and said the matter has been resolved.

By Jim Dobbs

46m ago
Payments

Discover cuts its profit to resolve its old merchant missteps

Amid healthy first-quarter loan growth and improving credit quality, Discover Financial Services slashed its profits by $800 million to offset remediation costs from a 16-year period when it overcharged certain merchants.

By Kate Fitzgerald

2h ago
Artificial intelligence

Stanford researchers say large language models favor white-sounding names

Tests of models from OpenAI, Google and others found their advice tends to disadvantage names commonly associated with racial minorities and women.

By Penny Crosman

2h ago