Mastercard partners with tech institute in UAE to drive AI talent
The card network has teamed with Rochester Institute of Technology’s Dubai satellite to foster local AI talent, and has several other AI efforts underway.
How can a bank pick the AI model that suits it best?
Financial institutions are generally familiar with ChatGPT, but other options exist such as language models sold by Anthropic and Cohere. Research firms, academics and others are racing to develop benchmarks for comparison shopping.
Housing market not likely to improve till 2025, analysts say
Public policy experts debated the effect of rising rates on the mortgage market, the impact on homebuyers and ways that Fannie Mae and Freddie Mac could exit conservatorship at the National Mortgage News Digital Mortgage Conference.
‘Quintessential community bankers’ make branches valuable assets
Lisa Rickert and Ruth McCord, who manage branches for Nicolet National Bank, share a passion for connecting with their customers and supporting their communities.
Gruenberg: Congress probably won’t alter deposit insurance
Federal Deposit Insurance Corp. Chairman Martin Gruenberg said despite earlier proposals for reforming deposit insurance following this spring’s bank failures, congressional interest in major reforms has waned and prospects for legislative changes are dim.
Two northeastern Pennsylvania banks to merge
Peoples Financial Services has agreed to pay $129 million of stock for FNCB Bancorp. Peoples’ CEO Craig Best would lead the combined company for a year after the merger closes, and then Gerard Champi, FNCB’s current chief, would take over.
Mortgage rates more likely to decline than climb, Freddie says
Even as Freddie Mac’s survey put rates at their highest since December 2000, factors like rising oil prices and a government shutdown could slow the economy.
Report: SF Fed wanted to boot SVB’s Becker from board before failure
The Federal Reserve Inspector General’s report on the failure of Silicon Valley Bank found that officials at the Federal Reserve Bank of San Francisco wanted to remove the CEO from its board before examiners downgraded SVB’s supervisory ratings.
UPDATED: Event Advisory: FDIC to Convene Meeting of its Advisory Committee on Community Banking
EVENT ADVISORY | SEPTEMBER 28, 2023 FDIC to Convene Meeting of its Advisory Committee on Community Banking On Thursday, October 5, at 9 a.m. ET, Federal Deposit Insurance Corporation (FDIC) Chairman Martin J. Gruenberg will host a meeting of the FDIC’s Advisory Committee on Community Banking. Committee members will discuss and receive updates on a […]
Event Advisory: FDIC to Convene Meeting of its Advisory Community on Community Banking
EVENT ADVISORY | SEPTEMBER 28, 2023 FDIC to Convene Meeting of its Advisory Community on Community Banking On Thursday, October 5, at 9 a.m. ET, Federal Deposit Insurance Corporation (FDIC) Chairman Martin J. Gruenberg will host a meeting of the FDIC’s Advisory Committee on Community Banking. Committee members will discuss and receive updates on a […]