LINDEN, N.J.-A story in the April 26 issue of Credit Union Journal regarding E53 CU's newsletter incorrectly stated the amount of loans generated in a loan promotion. The $2.5 million amount stated represents all of the credit union's loans generated for the month, not just auto loans.
Bank of America Securities research shows this sector has had its best year since at least 2017, but some trends in the market point to a need for caution.
Visa has collaborated with technology firm Bluefin to build 'card present' security that includes tools to mitigate risk from new forms of artificial intelligence.
A ruling by the U.S. Court of Appeals for the 9th Circuit last week allowing Nevada to regulate prediction markets like Kalshi creates a split with the 3rd Circuit, meaning the Supreme Court will ultimately have to settle the issue.
The largest firm in the independent brokerage channel is also the fastest growing. But the industry's rapid expansion alongside rising equity values over the past three years may be hiding some firms' vulnerabilities.
JPMorganChase, Goldman Sachs, Citi, Morgan Stanley, Wells Fargo and Bank of America are among the biggest backers of data centers. Community opposition isn't slowing them down, but it's making them rethink their approach to managing risks.
As institutions look to ease exposure, digital assets are the largest area of concern, according to American Banker Market Intelligence research
