Inside Wells Fargo’s gen AI council
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Inside Wells Fargo’s gen AI council
NASHVILLE, Tenn. — Wells Fargo has created a generative AI council within the organization to study ..
As Trump Stokes Uncertainty, the Fed Asks Businesses Where It Hurts
The central bank’s outreach to companies has taken on new significance as the outlook for growth..
Trump’s Crypto Venture Introduces a Stablecoin
World Liberty Financial, the crypto business created by President Trump and his sons, unveiled a..
Robert Denham, Lawyer Who Steered Companies Through Crises, Dies at 79
Among his rescues was teaming up with Warren Buffett to keep the investment bank Salomon Brothers..
Supreme Court Rules for Chicago Politician in Bank Fraud Case
The justices unanimously said a law prohibiting “any false statement or report” did not cover..
Fed Holds Interest Rates Steady, but Trump’s Tariffs Could Slow Inflation Progress
Tariffs took center stage during the news conference with Jerome H. Powell, the Fed chair, on..
Mortgage Giants Fannie Mae and Freddie Mac Brace for Job Cuts
William Pulte, the new director of the Federal Housing Finance Agency, is consolidating control..
How the Crypto Exchange Bybit Lost $1.5 Billion to North Korean Hackers
The cryptocurrency exchange Bybit lost $1.5 billion to North Korean hackers last month — and it all ..
Stocks Post Biggest Loss of the Year on Trump’s Tariff Plans
The S&P 500 fell 1.8 percent on Monday after President Trump doubled down on plans to impose 25..
Americans Are Expecting Higher Prices. That Could Unnerve the Fed.
More Americans are starting to brace for higher prices as President Trump’s policies begin to take..
So, You Want to Get Rid of the Penny. Do You Have a Plan for the Nickel?
President Trump’s plan to eliminate the penny could save the government money, but there’s no..
Judge Orders Freeze on Firing Consumer Bureau’s Staff and Deleting Its Data
Agency workers, including some who were listening to the hearing remotely, expressed immediate joy..
How Trump Is Gutting Regulatory Agencies Like the SEC, CFPB and EEOC
The furious pace of deregulation is gutting agencies intended to protect ordinary Americans,..
What Privatization of Fannie Mae and Freddie Mac Means
Fannie Mae and Freddie Mac were bailed out by the government during the housing crisis nearly 17..
Trump’s Executive Orders Leave Imprint on the Fed
The central bank has halted hiring to align with a White House directive and pulled back its work..
Trump Administration Fires Consumer Bureau Chief Rohit Chopra
Rohit Chopra, who led the Consumer Financial Protection Bureau, was known for his aggressive..
Ahead of Trump Presidency, the Fed Quits Global Climate Network
Fed officials said the decision to leave the network came after the group’s work had “increasingly..
China’s Central Bank Stops Buying Bonds as Deflation Fears Grip Economy
The unexpected action is intended to tamp down a potential bubble in the bond market fueled by..
Rate-Cut Decision Was Narrow, Fed Minutes Show
Stubborn inflation, and potential tariffs, make future rate cuts uncertain.
Wall St. Is Minting Easy Money From Risky Loans. What Could Go Wrong?
Everyone from Jamie Dimon to the International Monetary Fund is ringing alarms about the shadowy..
Stocks Plunge as Fed Forecasts Fewer Rate Cuts Next Year
The Federal Reserve cut rates for a third time this year, but investors shuddered at revised..
Andreessen Horowitz, Benchmark and the Transformation of Venture Capital
The opposing paths taken by two powerful firms — Benchmark and Andreessen Horowitz — embody a..
Eric Trump Promises the ‘Most Pro-Crypto President’ in History
Speaking at a Middle East conference, President-elect Donald J. Trump’s son said his family had..
Alliant CU’s Grover to be fireside speaker at Bank Automation Summit 2025
Bank Automation News is pleased to announce that Sumeet Grover, chief digital officer at Alliant..
Cash App Wades Into the Exclusive World of Presale Concert Tickets
Legacy credit cards and banks aren’t the only banking options to come with perks for premium access ..
TD Bank spends on anti-money laundering tech
TD Bank is investing in technology for anti-money laundering compliance after the U.S. Department..
How Bangladesh’s Economy Was Siphoned Dry
Bangladesh’s currency was battered by what the new head of the central bank says was the looting of ..
Podcast: AI for credit portfolio management
AI-driven risk management decisioning and monitoring platform EnFi is automating the credit..
World Bank Warns of Record Debt Costs for Developing Countries
The World Bank warned in a new report that poor countries will be stuck in economic “purgatory”..
Musk calls for abolishing consumer finance agency: ‘Delete CFPB’
Billionaire Elon Musk called for eliminating the Consumer Financial Protection Bureau, highlighting ..
Arc CEO Muir to speak at Bank Automation Summit 2025
Don Muir, chief executive and co-founder of digital bank Arc, will return to the speaker faculty at ..
Inside Varo Bank’s gen AI co-pilot build-out
Varo Bank is building generative AI co-pilots by tapping internal tooling and Amazon Web Services. ..
Apple Pay, other tech firms come under CFPB regulatory oversight
The top US consumer watchdog will supervise Apple Inc. and other major technology firms that offer..
Just 40% of financial institutions satisfied with cloud investment
Many financial institutions are not satisfied with the investments made in their cloud..
Grasshopper CTO Peter Chapman to speak at Bank Automation Summit 2025
Grasshopper Bank Chief Technology Officer Peter Chapman will speak at Bank Automation Summit U.S...
Why Trump’s Victory Is Fueling a Market Frenzy
Investors have been comforted by a clear election result and are anticipating tax cuts and..
Mortgage Rates Fell, Then Rose. What Comes Next?
Many would-be home buyers are still hoping for mortgage rates to come down as the Federal Reserve..
PNC now plans to spend $1.5B as branch expansion doubled
PNC Financial Services Group Inc. said it will spend $500 million more than originally planned to..
Podcast: Fintech founder Pranger touts virtues of ‘practical’ AI
Fintech Appli recently launched an AI-driven financial calculator that can be embedded into a..
Navy Fed to pay $95M for charging illegal overdraft fees
The Consumer Financial Protection Bureau today fined Navy Federal Credit Union for illegally..
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