BUFFALO, N.Y. – Summit FCU announced Friday it has obtained permission to serve the 2,500 companies that make up the Buffalo Niagara Partnership, an estimated 250,000 employees. The Rochester-based credit union broke into the Buffalo market last year with its acquisition of Buffalo Employees FCU. The $350 million credit union already partners with BNP on ‘Smart Commute’ which encourages homeowners to locate near public transportation.
Research shows artificial-intelligence programs bolster bad decisions and reduce diversity of thought, posing risks to banks' culture and governance.
RIAs that custody less than $100 million with Fidelity have several options to choose from before being forced out of the firm next year. None of them is necessarily easy.
Federal Deposit Insurance Corp. Chair Travis Hill said Tuesday that regulatory changes to bank supervision and M&A rules are meant to improve safety and soundness rather than water down oversight.
Attackers suspected of using AI got into Korean banks through side doors. The apparent failures were ordinary cyber hygiene, the kind U.S. regulators keep naming.
While it isn't a household name in most U.S. wealth management circles, RQD* Clearing just drew a substantial growth investment on the basis of its international clearing business. Can that translate to more stateside RIA relationships?
A survey of community bankers found broad concern that the emergence of stablecoins will result in deposit outflows and reduced lending capacity.
