Finance

Striking the right balance between personalization and privacy is just one challenge the startup Finn AI is grappling with as it refines the artificial intelligence behind banking through Alexa and other devices.

The Minneapolis company said in an email to American Banker that it would reduce its headcount by approximately 1%, or about 740 positions, across the company.

The Florida bank set aside much less money to cover soured medallion loans in the third quarter, and total loans rose more than 7%.

The New Jersey-based credit union aims to increase its technological offerings as a result of the conversion.

TNB USA is suing the Fed to force the central bank to let it open an account that earns the same top-tier interest rate currently available only to a select few.

Orrstown will pay $59 million in cash and stock to gain seven branches and $409 million in deposits.

Strong growth in the bank's core business of multifamily lending was offset by higher rates it paid on CDs and borrowed funds.

The results did not include the company's purchase of CoBiz, which closed last month.

Executives can't adequately protect members if they aren't familiar with current auditing standards.

The 25-year JPM veteran will pursue an opportunity elsewhere; private equity firms have a record $57 billion to loan for real estate.