JPMorganChase CEO Dimon warns of flawed Basel proposal
Jamie Dimon said the revised Basel III plan still overstates risk and penalizes the largest banks.
Bolt lays off a third of its employees, citing AI
The one-click checkout fintech, which launched its own “super app” last year, reduced its current workforce by about 30% last week.
Banks prepare to catch human traffickers at the World Cup
Financial institution members of The Knoble will be using AI to monitor transactions around the soccer games for signs of trafficking and share suspicious activity information with each other.
Banks are missing out on a huge wave of infrastructure finance deals
Traditional banks ceded control of the fastest-growing segment of infrastructure finance — renewable energy — to private capital. The question now is whether they can reclaim some share of what’s left over.
Goldman Sachs gets its name on Broadway, but not in a way it wanted
Goldman Sachs comes under fire for its commitment to diversity, and Jamie Dimon sounds like he’s running for something.
Goldman Sachs defends its diversity work against anti-DEI claims
The investment bank is the target of a campaign by Color of Change, a racial-justice advocacy group that’s accusing Goldman of retreating from its diversity commitments.
GSEs ease prefunding rules, extend manufactured housing terms
The latest government-sponsored enterprise changes include a more flexible sampling and a longer maximum term for some manufactured housing loans, respectively.
5 key points from Jamie Dimon’s letter to investors
From the war in Iran to reviving the American Dream, the CEO of JPMorganChase has a lot on his mind. Here are five takeaways from his message to shareholders.
Appeals court vacates Colorado ‘rent-a-bank’ ban on rates
A federal appeals court has agreed to rehear a challenge to a Colorado law intended to combat “rent-a-bank,” arrangements that would impose Colorado’s interest rate caps on certain out-of-state banks.
Spring’s hot housing market just ran into a problem
Mortgage rates rising nearly 40 basis points from early-year lows have pushed some buyers out of the market, even as inventory and affordability remain better than a year ago, ICE Mortgage Technology found.