The June 11 Washington People column mistakenly reported gifts to the Republican Party as donations to a Presidential Gala dinner. Don Powell, the Texas banker President Bush has nominated to be Federal Deposit Insurance Corp. chairman, and John Chalsty, former chairman of Credit Suisse First Boston and now a senior adviser to it, each agreed to raise $100,000 as deputy chairmen of the dinner. Citigroup lobbyist Roger Levy agreed to raise $50,000. AFLAC agreed to donate $250,000 to be listed as a vice chairman, and Capital One raised $50,000.
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Threat group ShinyHunters claimed responsibility for the attack, which reportedly targeted third-party platforms rather than Betterment's own systems.
February 6 -
Artificial intelligence developments are stoking investor fears about software companies. Banks' limited exposure to the sector and general stability is proving attractive to investors.
February 6 -
Prosperity Bancshares finalizes the second of three acquisitions it's announced since July; Sumitomo Mitsui Banking Corporation appoints a new chief information security officer for its American operations; Huntington Bancshares, Third Coast Bancshares and Heritage Financial completed acquisitions; and more in this week's banking news roundup.
February 6 -
Fintech and crypto groups said in comment letters to the Federal Reserve that the proposed "skinny" master account is too limited and could keep firms dependent on banks. Banking groups asked for more time to comment.
February 6 -
Federal Reserve Vice Chair Philip Jefferson said in a speech Friday that long-term productivity gains brought on by artificial intelligence could compel the central bank to maintain higher rates to keep prices stable.
February 6 -
While the e-commerce giant has deemphasized the technology, banks and payment firms are testing the biometric option.
February 6





