Banking

As banks integrate AI into their systems, they are becoming accountable for decision-making architectures that they did not design and have no real insight into. That means they need to ask their vendors some hard questions.

Los Angeles-based Lendistry recently received a $100 million credit facility from East West Bank to support loans to airport concession operators.

Florida, Georgia, Texas and Arizona are all states where U.S. Bank, which operates mainly in the Midwest and the West, sees growth opportunities.

JPMorganChase, Goldman Sachs, Citi, Morgan Stanley, Wells Fargo and Bank of America are among the biggest backers of data centers. Community opposition isn't slowing them down, but it's making them rethink their approach to managing risks.

U.S. District Judge Jed Rakoff called the agreement "fair, reasonable and adequate," clearing the way for lawyers to begin distributing money to about 90 women who were sexually abused or trafficked by Epstein and the people around him.

Banks are investing in ever-more capable technology, from new banking apps to AI-enabled back-office systems. But what keeps customers coming back continues to be their relationships with real bankers.

Data suggests that bank-focused shareholder activism in 2026 could exceed last year's activity, as investors continue to seek managerial and operational changes.

The banks are tapping the brakes on their role as sale channels for Delaware Life Insurance Co. amid a U.S. investigation of billionaire financier Mark Walter's sprawling business empire.

Mergers have been rising during the second Trump administration. That's likely to continue, experts say. Here's the state of M&A in the banking industry.

The Small Business Administration's proposed rule increasing the size of firms eligible for government-backed loan programs could boost the appeal of SBA loan programs to banks and credit unions, but it's drawing sharp criticism from smaller firms.

Financial institutions were among 300-plus U.S. organizations robbed in a 2024 campaign.

A former Democratic congressman will serve as vice president of wholesale banking at Truist Financial; Bank of America's $72.5 million settlement with sex trafficking victims of the late financier Jeffrey Epstein is approved by a New York federal judge; HDFC plans to challenge the bankruptcy resolution involving a personal guarantee by media tycoon Subhash Chandra; and more in this week's banking news roundup.

The Toronto-based banking giant reported better third-quarter profit growth and credit quality south of the border than in its core Canadian market.

Even as U.S.-Canadian trade relations reached a new low, Canada's second-largest bank reported strong profit growth at its American business.

Royal Bank of Canada executives said they see plenty of organic-growth opportunities in the U.S., including in Texas, but would also consider acquisitions.

The Climate First Bank founder and CEO is surprisingly not part of the anti-data center movement. But he does think the massive, energy-chewing facilities should be built and financed with more forethought.

Amex, Capital One and Chase are outperforming airlines in airport lounge customer satisfaction. New entrants in the premium travel card space are opening their own lounges to compete.

Tupelo, Mississippi-based Renasant Corp. hired Catherine Mealor, who covered the company for Keefe Bruyette & Woods, to succeed the retiring Jim Mabry.

At a time when the client experience is growing increasingly similar across different banking platforms, the banks that succeed will be those that deliver services tailored to the precise needs of individual customers.

The Fed's annual Jackson Hole symposium brings together bankers from around the world, but there's really only one question that matters. You know what it is.