Wachovia - Top Line Soft, Chargeoffs at Westcorp Rise
Wachovia Corp. said one of two recent acquisitions it made to boost its consumer operations contributed to a weakening in its credit quality in the third quarter.
Commerce - Deposits Still Growing But Pace Slackens
Commerce Bancorp Inc.'s third-quarter results showed slight erosion in the very customer segment the Cherry Hill, N.J., company has made its hallmark.
There's been an onslaught of nonbank financial technology company charter applications and approvals already this year.
A business unit CEO Jane Fraser called a "crown jewel" during the bank's first-quarter earnings call says its reaping efficiencies through virtual assistants.
The Pennsylvania-based regional bank said it will collaborate with OpenAI to deploy artificial intelligence across its commercial banking operations. OpenAI technical teams will be onsite to build custom AI capabilities.
The Treasury Department will look at recipients of awards from the Community Development Financial Institutions Fund for "potential violations of applicable law" as the Trump administration continues its campaign against alleged abuses related to the program.
Sen. Thom Tillis, R-N.C., said on Sunday that he no longer opposes Kevin Warsh's nomination to serve as chair of the Federal Reserve following the Justice Department's announced closure of its inquiry into current Fed Chair Jerome Powell.
Banks weighing stablecoin partnerships need to know whose playbook regulators will endorse before another major crypto theft tests the question.
