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The lender was accused in a recent lawsuit of failing to meet its obligations to underserved borrowers in lieu of wealthy clients.

Financial institutions must adopt generative AI and large language models, or risk falling behind, experts said.

Burke & Herbert Financial Corp. and Summit Financial Group announced a transaction that they described as a merger of equals valued at roughly $371.5 million in stock.

New Peoples Bank announced J.W. Kiser will be its next president and CEO; D.A. Davidson hired Dan Fiandaca to lead its brokered CD underwriting group; Citizens Bank launches Roger, a digital bank for military members; and more in the weekly banking news roundup.

Comerica CEO Curt Farmer and CFO James Herzog as well as the company itself face a purported class action by shareholders for allegedly making false and misleading statements about the Dallas company's oversight of the Treasury Department's Direct Express program.

Following six years of development, the National Institute of Standards and Technology has released draft standards for three algorithms that can resist future attacks by quantum computers.

James Huang is a senior in accounting and president of the Beta Alpha Psi chapter at the University of Memphis.

John Guthery, CFA, is chief investment officer at FusionIQ, a multicustodial TAMP that helps advisors, organizations and investors navigate the complex world of alternative investments.

John works with RIAs, broker-dealers, asset managers and their platforms to provide expert guidance on how to effectively implement alternative investments.

The Attorney General's office found the firm complies with a 2021 state law banning contracts with companies that "discriminate" against the firearm industry.