Sen. Warren calls for increased safeguards in stablecoin legislation: In a letter to Treasury Secretary Janet Yellen last week, the Massachusetts senator ...
americanbanker.com/news/sen-warren-calls-for-increased-safeguards-in-stablecoin-legislation
20 bank holding companies with the largest business loan portfolios : The top five bank holding companies have combined business loan portfolios of more than $2 ...
americanbanker.com/list/20-bank-holding-companies-with-the-largest-business-loan-portfolios
For Old National, 'business as usual' after CFO charged with felonies: Brendon Falconer, finance chief of the Indiana company since 2019, faces felony child ...
americanbanker.com/news/for-old-national-business-as-usual-after-cfo-charged-with-felonies
'There are risks': Betsy Cohen on banking as a service: Banking as a service is expensive, it takes time and onboarding has to be done carefully ...
americanbanker.com/podcast/there-are-risks-betsy-cohen-on-banking-as-a-service
Turning Fannie Mae into a title insurer won't solve housing challenges: The Biden administration's proposal to waive title insurance requirements for mortgage ...
americanbanker.com/opinion/turning-fannie-mae-into-a-title-insurer-wont-solve-housing-challenges
Simplifying hybrid and multi-cloud application delivery in finance: Join us for a webinar hosted by American Banker, where we'll dive into the world of managing ...
americanbanker.com/web-seminars/simplifying-hybrid-and-multi-cloud-application-delivery-in-finance
Paid articlePaid
A love for data jump-started the career of Citizens' chief experience officer: The Climb
americanbanker.com/news/a-love-for-data-jump-started-the-career-of-citizens-chief-experience-officer-the-climb
Four hurdles for bank buyers to clear: As recently as a few months ago, many observers predicted a surge of bank mergers this year. But longtime obstacles to ...
americanbanker.com/list/four-hurdles-for-bank-buyers-to-clear
JPMorgan Chase's plan for face and palm payments: The bank will use biometric authentication to streamline checkout in stores starting in 2025 ...
americanbanker.com/payments/news/jpmorgan-chases-plan-for-face-and-palm-payments
Bank regulation has not kept pace with global financial crime: With financial crime surging worldwide, it is critical that the public and private sectors align ...
americanbanker.com/opinion/bank-regulation-has-not-kept-pace-with-global-financial-crime
Capital One and Discover walked away from talks before reaching a deal: New details have emerged about the negotiations that culminated in Capital One's ...
americanbanker.com/news/capital-one-and-discover-walked-away-from-talks-before-reaching-a-deal
How a Tennessee credit union uses generative AI to foster fair lending: Leaders of ORNL Federal Credit Union are piloting Zest AI's new artificial ...
americanbanker.com/creditunions/news/how-a-tennessee-credit-union-uses-generative-ai-to-foster-fair-lending
Texas Capital reports 53% jump in criticized loans, plans for more: The first-quarter increase involved commercial real estate loans, including some problematic ...
americanbanker.com/news/texas-capital-reports-53-jump-in-criticized-loans-plans-for-more
Comerica says its AI bot performs work of six IT help desk agents: The Dallas-based regional bank tapped a client for its co-pilot capabilities ...
americanbanker.com/news/comerica-says-its-ai-bot-performs-work-of-six-it-helpdesk-agents
Credit, check fraud costs weigh on Regions' earnings: The Alabama regional lender says it expects expenses to taper off this year and anticipates challenged ...
americanbanker.com/news/credit-check-fraud-costs-weigh-on-regions-earnings
Allow private capital to provide liquidity to Ginnie Mae servicers: Banks and other private lenders could help ease the liquidity crisis facing some companies ...
americanbanker.com/opinion/allow-private-capital-to-provide-liquidity-to-ginnie-mae-servicers
Citizens reports fast progress in building its private bank: The Providence, Rhode Island, company is having discussions with private wealth management teams ...
americanbanker.com/news/citizens-reports-fast-progress-in-building-its-private-bank
20 bank holding companies with the largest consumer loan portfolios: The top five bank holding companies have combined total consumer loan portfolios of more ...
americanbanker.com/list/20-bank-holding-companies-with-the-largest-consumer-loan-portfolios
FedNow could be that rare tech innovation whose results match the hype: FedNow emerges as a key component of our industry's digital transformation ...
americanbanker.com/opinion/fednow-could-be-that-rare-tech-innovation-whose-results-match-the-hype
Stanford researchers say large language models favor white-sounding names: Tests of models from OpenAI, Google and others found their advice tends to ...
americanbanker.com/news/stanford-researchers-say-large-language-models-favor-white-sounding-names
After bruising quarter, Synovus sees credit stability ahead: Charge-offs and nonperforming loans rose at the Georgia bank in the first quarter ...
americanbanker.com/news/after-bruising-quarter-synovus-sees-credit-stability-ahead
Have you registered yet for DIGITAL BANKING 2024?
Dennis Dauvergne, Premier Bank, Lake Michigan Credit Union (LMCU), Tommy Doyle, Chassis Technologies ... Show more conference.americanbanker.com/event/b91a9ec6-b294-4975-9730-3a1a1a50c504/websitePage:4ff415d4-88d2-435f-9b83-aacef2243026 #DigBanking #digitalbanking
The CFPB's proposed data sharing rule: How banking insiders are reacting: The agency's new proposal has been a long time coming, and it could reshape how ...
americanbanker.com/list/the-cfpbs-proposed-data-sharing-rule-how-banking-insiders-are-reacting
Connecticut's special banking charter finds a new purpose: Banking Circle US is the first company to use Connecticut's uninsured bank charter for wholesale and ...
americanbanker.com/news/connecticuts-special-banking-charter-finds-a-new-purpose
Betsy Cohen and Sallie Krawcheck on innovation, fintech and investing: The co-founder and CEO of Cohen Circle (and former founder of The Bancorp Bank) and ...
americanbanker.com/leaders/betsy-cohen-and-sallie-krawcheck-on-innovation-fintech-and-investing
Join this webinar to discover the impacts of continued IRS modernization on your organization and its tax information reporting processes. www.americanbanker.com/web-seminars/understanding-the-implications-on-tax-information-reporting-in-the-wake-of-irs-modernization
Why Goldman Sachs CEO David Solomon has become an AI believer: The New York megabank is working to deploy artificial intelligence as it seeks to make its own ...
americanbanker.com/news/why-goldman-sachs-ceo-david-solomon-has-become-an-ai-believer
Amid probes, Morgan Stanley vows not to change its wealth strategy: Morgan Stanley CEO Ted Pick downplayed the importance of government investigations into ...
americanbanker.com/news/amid-probes-morgan-stanley-vows-not-to-change-its-wealth-strategy
NYCB's new CEO fills out his team amid strategy revamp: New York Community Bancorp CEO Joseph Otting has added three former colleagues to the embattled company's ...
americanbanker.com/news/nycbs-new-ceo-fills-out-his-team-amid-strategy-revamp
New Hampshire credit union hopes gift cards will give it an edge: Bellwether Community Credit Union's partnership with the New York ad tech firm Prizeout is ...
americanbanker.com/creditunions/news/new-hampshire-credit-union-hopes-gift-cards-will-give-it-an-edge
Unrelenting interest income pressure weighs down PNC's earnings: The Pittsburgh-based regional bank also emphasized expense control for the first quarter and ...
americanbanker.com/news/unrelenting-interest-income-pressure-weighs-down-pncs-earnings
Basel delay won't diminish banks' appetite for synthetic risk transfers: The Fed's willingness to rethink the Basel endgame is good news for banks ...
americanbanker.com/opinion/basel-delay-wont-diminish-banks-appetite-for-synthetic-risk-transfers
👥 From immersive experiences to roundtable discussions and interactive workshops, DIGITAL BANKING 2024 offers a holistic view of the industry’s path forward ... Show more conference.americanbanker.com/event/b91a9ec6-b294-4975-9730-3a1a1a50c504/summary #PathToInnovation #DigitalBanking2024
This panel will engage with leading fraud professionals at major U.S. banks to discuss the threat posed by scams and the potential of using a variety of ... Show more www.americanbanker.com/web-seminars/why-orchestration-of-fraud-signals-and-customer-interventions-are-key-to-fighting-scams-and-authorized-payment-fraud
The CFPB's proposed data sharing rule: How banking insiders are reacting: The agency's new proposal has been a long time coming, and it could reshape how ...
americanbanker.com/list/the-cfpbs-proposed-data-sharing-rule-how-banking-insiders-are-reacting
9 ways AI is transforming the payments industry: Companies are taking vastly different approaches to how they implement generative AI, whether it's to empower ...
americanbanker.com/payments/list/9-ways-ai-is-transforming-the-payments-industry
Paid articlePaid Citi makes progress on expenses as it waits for revenues to rise: The global bank is making good on its promise to trim expenses, but its ability to increase ...
americanbanker.com/news/citi-makes-progress-on-expenses-as-it-waits-for-revenues-to-rise
Join our webinar to learn how to identify best practices for introducing AI and avoid common pitfalls. www.americanbanker.com/web-seminars/global-banking-expert-insights-using-ai-to-detect-fincrime
Is the 'death of the cookie' a problem or opportunity?: Third-party cookies will essentially disappear as a tracking tool on the internet by the end of 2024 ...
americanbanker.com/news/is-the-death-of-the-cookie-a-problem-or-opportunity
Even before Fed cuts rates, banks trim what they pay for deposits: Some online banks that offer high-yield savings accounts are making those products a little ...
americanbanker.com/news/even-before-fed-cuts-rates-banks-trim-what-they-pay-for-deposits
How can banks and fintechs get employees' buy-in on generative AI?: To protect their own talent pipeline, financial companies need to make sure that they're not ...
americanbanker.com/payments/news/how-can-banks-and-fintechs-get-employees-buy-in-on-generative-ai
Quick Glance: OpenAI and Meta Prepare New AI Models Capable of 'Reasoning'
- OpenAI and Meta are on the verge of releasing new artificial intelligence models that are said to be capable of reasoning and planning.
- These upgrades are part of a wave of new large language models being released this year.
- Reasoning and planning are key steps towards achieving 'artificial general intelligence', allowing chatbots and virtual assistants to complete sequences of related tasks.
🎉 Join us at DIGITAL BANKING 2024 to gain invaluable insights to catalyze your career growth and steer your business towards success ... Show more conference.americanbanker.com/event/b91a9ec6-b294-4975-9730-3a1a1a50c504/summary #Networking #BankingConference
Fed's instant payments network gains momentum among community lenders: Launched last July, FedNow had enrolled more than 600 participants by mid-March ...
americanbanker.com/news/feds-instant-payments-network-gains-momentum-among-community-lenders
We are so grateful for the visionary leaders in banking who have dedicated their wisdom and insights into shaping this year's #DIGITALBANKING conference agenda ... Show more conference.americanbanker.com/event/b91a9ec6-b294-4975-9730-3a1a1a50c504/summary
How commercial real estate challenges are affecting banking: A combination of higher interest rates and increased vacancies — especially in office buildings — ...
americanbanker.com/list/how-banks-are-navigating-commercial-real-estate-challenges
Amex bolsters digital design to boost customer satisfaction: As American Express has evolved with new products, its largest digital design team is rethinking ...
americanbanker.com/news/amex-bolsters-digital-design-to-boost-customer-satisfaction
Discover deploys generative AI in its contact center: The financial services firm is using Google Cloud's Vertex AI platform to help customer service agents ...
americanbanker.com/news/discover-deploys-generative-ai-in-its-contact-center
A material difference: The wood credit card takes root: It's a substance that literally grows on trees, and is just as compostable. But like any other proposed ...
americanbanker.com/payments/news/a-material-difference-the-wood-credit-card-takes-root
Small and midsize business optimism bodes well for credit quality: A solid majority of decision-makers at these companies expect to expand their workforces again ...
americanbanker.com/news/small-and-midsize-business-optimism-bodes-well-for-credit-quality
Relationship finance app Tandem debuts new goals feature: The Ann Arbor, Michigan-based fintech is working with two Michigan credit unions to pilot a service ...
americanbanker.com/creditunions/news/relationship-finance-app-tandem-debuts-new-goals-feature
Join the trailblazing revolution as we hone in on innovations that produce cutting-edge solutions. Sign up today for our complimentary Advances In Tech Demo ... Show more www.americanbanker.com/web-seminars/advances-in-tech-demo-event-2024
Is 'technofeudalism' killing capitalism?: Cloud-based tech giants like Amazon, Google and Uber are changing the economy, and not for the better ...
americanbanker.com/podcast/is-technofeudalism-killing-capitalism
Use the Capital One-Discover deal to reshape the credit card market: Any approval of the proposed Capital One-Discover merger must come with a pro-competitive 1% ...
americanbanker.com/opinion/use-the-capital-one-discover-deal-to-reshape-the-credit-card-market
Citi: The megabank that is always rebuilding: The company has long been criticized for its lagging financial performance and its complexity ...
americanbanker.com/news/citi-the-megabank-that-is-always-rebuilding
How commercial real estate challenges are affecting banking: A combination of higher interest rates and increased vacancies — especially in office buildings — ...
americanbanker.com/list/how-banks-are-navigating-commercial-real-estate-challenges
Banking on Insight: Billions of Points to Fraud Prevention: Gain insights into effective strategies for early detection, managing risks, and staying ahead of ...
americanbanker.com/web-seminars/banking-on-insight-billions-of-points-to-fraud-prevention
Paid articlePaid Digital Federal Credit Union debuts self-service mortgage portal: The $12.1 billion-asset DCU launched the loan platform in 2022, and has seen volume jump by ...
americanbanker.com/creditunions/news/digital-federal-credit-union-debuts-self-service-mortgage-portal
What's driving mobile-wallet spending at high and low values: A digital-payment trend that began during the COVID pandemic is being bolstered by features such as ...
americanbanker.com/payments/news/whats-driving-mobile-wallet-spending-at-high-and-low-values
Bank branch acquisitions gather momentum: Based on the pace of deals through late March, the banking industry is on track for the most branch sales since 2021 ...
americanbanker.com/news/bank-branch-acquisitions-gather-momentum
Which large language models are best for banks?: A new, free leaderboard created and continuously updated by the Kensho team at S&P Global gives people in the ...
americanbanker.com/news/which-large-language-models-are-best-for-banks
In latest move, Cadence reorganizes its management structure: The Tupelo, Mississippi, company announced a management simplification plan in which several ...
americanbanker.com/news/in-latest-move-cadence-reorganizes-its-management-structure
Wyoming community bank winds down fintech program: The Federal Reserve issued an enforcement action against Mode Eleven Bancorp, the holding company for Summit ...
americanbanker.com/news/wyoming-community-bank-winds-down-fintech-program
💡 Experience banking technology like never before at DIGITAL BANKING 2024, your destination for actionable insights and industry best practices ... Show more conference.americanbanker.com/event/b91a9ec6-b294-4975-9730-3a1a1a50c504/summary #TechInBanking #DigitalTransformation
KeyBank diffuses community tensions with new agreement: A year ago, the National Community Reinvestment Coalition accused KeyBank of redlining. On Wednesday ...
americanbanker.com/news/keybank-diffuses-community-tensions-with-new-agreement
Will the Capital One-Discover merger be approved? A guide to the issues: Banking regulators and the Department of Justice must decide whether the blockbuster ...
americanbanker.com/news/will-the-capital-one-discover-merger-be-approved-a-guide-to-the-issues
Citi asks judge to toss NY AG's 'imaginative' wire-fraud lawsuit: Letitia James, the New York state attorney general, sued Citigroup and argued it should be ...
americanbanker.com/news/citi-asks-judge-to-toss-ny-ags-imaginative-wire-fraud-lawsuit
First Horizon's CFO Hope Dmuchowski on the secret to her success: The Climb
: Dmuchowsk worked three jobs to pay for her college education. She tells young ...
americanbanker.com/news/first-horizons-cfo-hope-dmuchowski-on-the-secret-to-her-success-the-climb
'Not a ceremonial position': The need for tech-savvy boards: Finding board directors who understand the pace of change is a tall order. But banks of all sizes ...
americanbanker.com/news/not-a-ceremonial-position-the-need-for-tech-savvy-boards
Navy Federal contract with Department of Defense is live: The $171 billion-asset Navy Federal Credit Union began operating roughly 60 locations and more than 270 ...
americanbanker.com/creditunions/news/navy-federal-contract-with-department-of-defense-is-live
Paid articlePaid Focus sharpens on rate pressure, credit quality ahead of bank earnings: With high deposit and borrowing costs persisting amid the Federal Reserve's campaign ...
americanbanker.com/news/focus-sharpens-on-rate-pressure-credit-quality-ahead-of-bank-earnings
Paid articlePaid Long-delayed Texas acquisition gets over finish line: Houston-based Prosperity Bancshares said it closed its purchase of Lone Star State Bancshares about a year ...
americanbanker.com/news/long-delayed-texas-acquisition-gets-over-finish-line
Paid articlePaid Join our webinar where we will offer practical strategies for automating key aspects of the onboarding process. www.americanbanker.com/web-seminars/automating-yes-solving-identity-in-digital-business-onboarding
20 bank holding companies with the largest credit card loan portfolios: The top five bank holding companies have combined total credit card loan portfolios of ...
americanbanker.com/list/20-bank-holding-companies-with-the-largest-credit-card-loan-portfolios-at-the-end-of-q4
Nominations are now open for the Most Powerful Women in Banking 2024
: This annual list of luminaries honors the women who lead in banking and finance across the ...
americanbanker.com/news/nominations-are-now-open-for-the-most-powerful-women-in-banking-2024
Paid articlePaid AI adoption, PNC setbacks: Top tech news for March 2024: In this month's roundup of top tech news: Organizations like First Horizon and TransUnion explore the ...
americanbanker.com/list/ai-adoption-pnc-setbacks-top-tech-news-for-march-2024
Paid articlePaid NYCB tailspin, JPMorgan lawsuit: Top banking news for March 2024: In this month's roundup of top banking news: New York Community Bancorp works through internal ...
americanbanker.com/list/nycb-tailspin-jpmorgan-lawsuit-top-banking-news-for-march-2024
Paid articlePaid FDIC rebukes Sutton Bank, Piermont Bank over fintech partners: The steady drumbeat of consent orders against banks that offer banking as a service continues ...
americanbanker.com/news/fdic-rebukes-sutton-bank-piermont-bank-over-fintech-partners
Paid articlePaid 20 U.S. banks with the largest CRE loan volume: The top five banks had a combined commercial real estate loan volume of more than $500 billion at the end of the ...
americanbanker.com/list/20-u-s-banks-with-the-largest-commercial-real-estate-loan-volume
Santander adds ex-Marcus head to lead retail banking and digital push: The U.S. arm of Spanish banking giant Santander has hired Swati Bhatia to oversee retail ...
americanbanker.com/news/santander-adds-ex-marcus-head-to-lead-retail-banking-and-digital-push
Paid articlePaid Looking back: The fall of crypto giant Sam Bankman-Fried: Once a prominent figure spurring financial institutions to engage in cryptocurrency ...
americanbanker.com/list/looking-back-the-fall-of-crypto-giant-sam-bankman-fried
Paid articlePaidQuick Glance: Sam Bankman-Fried's Verdict: 25-Year Prison Term - BBC News
- Sam Bankman-Fried received a 25-year prison sentence. Key details from the court hearing in New York were summarized, focusing on his defense lawyer's arguments and the judge's ruling.
- The judge criticized SBF's lack of remorse, noting that he had never expressed a word of regret for committing terrible crimes. Customers who lost money in the collapse reported experiencing nightmares.
- SBF admitted to making a series of poor decisions but claimed that customers could be reimbursed. The judge pointed out that the assertion that customers would be fully repaid through the bankruptcy process was misleading.
- The court hearing also included testimonies from customers who lost significant amounts of money, insights into SBF's background, and the reasons behind the collapse of his company FTX.
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