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A cultural shift at the Federal Reserve aimed at making the supervisory process more transparent may have also contributed to the central bank's failure to detect and remediate excessive risk at Silicon Valley Bank, whose failure last month roiled the banking industry.

At best, artificial intelligence will be a tool that helps good bankers be better at their jobs. It won't replace them.

On Friday, Federal Reserve Vice Chair for Supervision Michael Barr will share findings from his review of the supervision of Silicon Valley Bank before its failure last month.

Senior officials of the Federal Deposit Insurance Corp. are said to be weighing whether to downgrade their scoring of the San Francisco bank's condition, including its Camels rating. That could limit the bank's use of the Federal Reserve's discount window and an emergency facility launched last month.

Researchers at the Federal Reserve Bank of Philadelphia have come up with a plan for letting banks innovate with artificial intelligence and widening access to credit at the same time.

This has been a difficult year for the industry with government takeovers of three regional institutions, which rank among the 10 biggest failures in U.S. history. Here is a look at what went wrong at those three banks and the seven others on this infamous list.

An appeals court ruling said the tech company must provide access to outside parties to process transactions.

The California bank, which endured large deposit outflows in March, anticipates selling its $2.7 billion lender finance portfolio in the coming months. It's also looking at cutting facilities, employee headcount and vendor costs.

True Digital, which helps financial institutions zero in on vendors, says midsize banks have a unique need for its product.

The top five bank holding companies have combined total credit card loan portfolios of more than $600 billion.

In his new book, the technology and financial services veteran Thomas Vartanian explores how countries could band together to create a more secure digital world while explaining what's holding society back from achieving this.

Some 77% of banks did not did not record significant deposit inflows or outflows following Silicon Valley Bank's failure, according to a survey of executives at 567 institutions. The findings highlight the stability of many smaller banks' deposit bases.

The U.S. and other Western nations have imposed severe financial penalties against Russia. Will this boil over into other countries?

A year after Russia's invasion of Ukraine thrust the country into chaos, financial services workers are helping to rebuild the country and are expressing hope for the future.

The California bank, which was hit hard by last month's banking crisis, has partially rebuilt its deposit base. It reported a first-quarter loss, but one that was smaller than some analysts expected.

Ryan McInerney said Visa's debit volume has remained steady in the U.K., which has had real-time payments since 2008, and it sees the Fed's instant settlement option as a potential ally,

A resolution calling for the San Francisco-based bank to adopt and disclose a formal policy supporting collective bargaining rights failed to receive a majority of shareholder votes at the company's annual meeting.

At the two big banks, proposed phaseouts of lending for new fossil-fuel exploration drew less shareholder support on Tuesday than they did a year ago. The results were a blow to activists who want big banks to take stronger action to combat climate change.

Federal Reserve Vice Chair for Supervision Michael Barr had promised to share findings from his review of the Fed's oversight efforts for the failed bank by May 1.

The four agencies did not issue new regulatory guidance but instead cited previous concerns about the potentially harmful uses of automated systems — including AI — that could contribute to unlawful discrimination.