Banking

One of Sweden's biggest banks agreed to the penalty to resolve a multiyear investigation into its compliance failures. The New York State Department of Financial Services said Swedbank intentionally withheld information it was required to turn over.

A breakout month by the company's newly acquired investment banking subsidiary, BTIG, added nearly $100 million of revenue during the second quarter.

Feeding vulnerabilities into Gold Eagle could expose a bank to regulators or lawsuits, a cybersecurity lawyer warns.

Investors in a panic about private credit valuations need to draw a distinction between funds backing AI-threatened software companies and those whose collateral includes the hard assets of frontier AI companies themselves.

The deal is the latest in a series of acquisitions by bank core provider CSI, which is further expanding its offerings for regional and community banks.

Increased use of artificial intelligence led to revenue growth and productivity gains during the second quarter, the bank's leaders said.

The investment banking giant has a hefty amount of excess capital, some of which is being used to meet client demand. At the same time, the company is open to opportunities to do bolt-on acquisitions, CEO Ted Pick said.

The Buffalo-based company reported its first organic linked-quarter CRE loan growth since 2021, as well as a sharp increase in commercial-and-industrial lending activity.

The order stops New York projects at the door. It does not reach the loans and bonds already financing the buildout.

The global bank said it's ready to take advantage of opportunities to accelerate investments into its business, with an eye toward achieving longer-term, sustainable growth. Analysts had tough questions about the plans.

The company plans to use the funding to expand its global banking services, including using stablecoins for cross-border payments.

The San Francisco-based banking giant remains on track to hit its $50 billion spread income target for all of 2026, CEO Charlie Scharf told analysts.

JPMorganChase CEO Jamie Dimon declined to give specifics on when he will step down, saying the decision ultimately rests with the board of directors.

The New Jersey bank has attributed a 60% reduction in document-related task time over the past three months to an AI agent from fintech provider nCino.

The biggest core providers have each tied their security to a frontier AI developer. The guidance that would govern any of it excludes agentic AI.

A detailed look at bank merger-and-acquisition activity between January and June reveals a significant slowdown in announcements and a decline in deal value and pricing. The deceleration coincided with the start of U.S.-Israeli attacks on Iran.

The volume of bankruptcy filings has been climbing, particularly among small businesses. But analysts note that the numbers are still below pre-pandemic levels.

The Honolulu-based company said it plans to acquire TriCo Bancshares in Chico, California, and retain all of the seller's 68 branches.

The HR software is used by scores of U.S. banks, including many of the largest ones. The case also raises broader questions about job candidate screening and who is liable when an AI tool causes disparate impact.

A November ballot measure will ask voters whether to establish the nation's first municipal public bank. The harder question of how to capitalize such a bank is being left for later.