Banking

The Pittsburgh-based bank expanded its geographic footprint — and grew its loans and deposits during the first quarter — with the purchase of FirstBank in Colorado. Expenses also rose as the bank paid up to begin integrating its acquisition.

After a strong first quarter, America's second-largest bank hailed the resilience of the U.S. consumer, but also forecast rising inflation in the near future.

The CEO of America's largest bank said that private credit won't crash the banking system, but a credit cycle will be worse on the economy than people expect.

Israel Velasco, who is slated to become the head of the Puerto Rican bank's U.S. subsidiary, will be charged with helping to implement the company's new strategic framework.

The San Francisco-based banking giant reported increased earnings and continued benign credit conditions, but net interest income fell short of Wall Street's expectations.

Surjit Chana, a board member of Beneficial State Bank, a Harvard Fellow and a tech committee member of the Global Alliance for Banking Values, explains why there's a need for what he calls a moral architecture for AI

During the bank's first-quarter earnings call, Jane Fraser dismissed a recent report that Citi is entertaining the idea of buying a large U.S. regional bank.

America's largest bank enjoyed strong performance in each part of the company, but especially its markets business. JPMorgan also kept credit in check, despite concerns about geopolitical conflict.

Autonomous large language models sometimes do things they absolutely should not, such as suddenly go off and mine cryptocurrency. Here's what AI-forward banks can do about this problem.

Goldman CEO David Solomon called the overall macroeconomic environment "constructive" on Monday, but he also addressed the elephant in the room: a war in Iran that threatens to drive up U.S. inflation.

Former NFL quarterback Tom Brady knew his opponents better than they knew themselves. Smart bankers should too. Here's a 10-point "wristband playbook" for mastering banking's other KYC: know your competition.

Bills in Congress, capital rules, GSE reform and credit modernization hold a mix of benefits and risks for Independent Community Banker of America members, Senior Vice President Ron Haynie says.

The tokenization platform provider, which has a nonbinding agreement with NYSE and is aiming for a public debut, promoted former SEC Trading and Markets Director Brett Redfearn to the role.

Deutsche Bank is raising the base pay of Supervisory Board Chairman Alexander Wynaendts by 21%, Wells Fargo has hired Neil Ghosh as head of chemicals investment banking, Bank of America's Alexandre Bettamio is being considered for chief executive officer of Brazilian stock and derivatives exchange B3 SA, and more in this week's banking news roundup.

In a strategic shift, the Walnut Creek-based company has tapped a trio of former PacWest executives to fill its top three management positions.

Artificial intelligence giant Anthropic warned that its vulnerability-scanning AI tool could be used to break operating systems. Is it a systemic risk?

A trade group representing debt collection agencies alleges that the Golden State is charging unlawfully high licensing fees in an effort to fund an inflated budget. California regulators declined to comment on the suit.

After a nearly two-decade long "ice age" in which few new banking charters were granted, regulators have shrugged off a zero-failure mentality and are allowing some risk back into the system.

The first U.S. bank to offer an exchange-traded product tied to bitcoin saw $34 million in trading on the first day.

Oil rights can be a surprisingly illiquid asset. A fintech called Frontlands is hoping to change that by offering a credit card for the owners of oil wells and other natural resources.