American International Group Inc. put most of the blame for its 16% drop in first-quarter earnings on higher expenses.
Net income for the New York insurer fell to $3.2 billion, or $1.22 a share, compared with the year-earlier quarter. Adjusted net earnings rose 4.6%, to $3.38 billion, or $1.29 per adjusted share. Analysts polled by Thomson First Call had expected AIG to earn $1.36 per adjusted share. The insurer announced its results Wednesday.
Tipalti has developed a set of agentic artificial intelligence agents designed to help businesses navigate transactions and apply for refunds.
The digital bank and lender did not increase its full-year outlook in anticipation of an interest rate freeze.
Kevin Warsh's nomination to be the next chair of the Federal Reserve passed through the Senate Banking committee in a party-line vote.
The Chicago-based fintech, which offers high-cost loans, has agreed to acquire the parent company of BNC National Bank. The deal would grant OppFi a national bank charter, which offers a way around state interest rate caps.
Plaintiffs allege the banks failed to safeguard names, Social Security numbers and account data after a breach at a vendor neither bank has named.
The payments giant is counting on the FIFA World Cup this summer for windfalls in its consumer and commercial businesses. Long-term, agentic commerce is creating a whole new ecosystem to which Visa can attach itself, Visa CEO Ryan McInerney said on a call with analysts.
