Cornerstone Capital Bank adds employee stock ownership plan
Company team members, including those in affiliated business arrangements, will be eligible; real estate and joint venture agent partners will not be.
Experts throw cold water on Anthropic’s new AI model
Bank executives are taking Anthropic’s new AI seriously, but cybersecurity experts are dismissing the doomsday framing as a clever marketing schtick.
Warsh nomination inches forward with financial disclosures
Kevin Warsh’s financial disclosures show significant wealth, likely well-over $100 million, beyond that of even Federal Reserve Chairman Jerome Powell, who came from the private equity world.
Banks are upping hiring efforts in the age of AI
American Banker data finds that hiring could outpace layoffs in the months to come, and artificial intelligence is not as big a driver as many believe.
Dimon’s not worried about JPMorgan’s exposure to private credit
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.
Popular names new U.S. leader as CEO hunts stronger returns
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.
Press Release: Principals of U.S., European Banking Union, and U.K. Financial Authorities To Meet for Regular Coordination Exercise on Cross-Border Resolution Planning
PRESS RELEASE | APRIL 14, 2026 Principals of U.S., European Banking Union, and U.K. Financial Authorities To Meet for Regular Coordination Exercise on Cross-Border Resolution Planning WASHINGTON – The heads of resolution and regulatory authorities, central banks, and finance ministries of the United States, the European Banking Union, and the United Kingdom are among leaders […]
Wells Fargo gets boost from markets and consumer businesses
The San Francisco-based banking giant reported increased earnings and continued benign credit conditions despite macroeconomic headwinds.
What a ‘moral architecture’ for AI in banking would look like
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
Citi’s profits surge as businesses deliver revenue growth
The megabank’s net income for the first quarter rose 42% year over year. CEO Jane Fraser attributed the performance to Citi’s diversified business model.