Goldman Sachs to make annual cut of underperformers as soon as October
As the company prepares to slash headcount, CEO Solomon speaks up about his “caricature” portraits in the media
Former First NBC president sentenced to 14 years in prison
Ashton Ryan Jr. was convicted on dozens of fraud and conspiracy charges connected to the 2017 failure of the New Orleans bank he founded.
Texas bitcoin miners are shuttering operations while power crisis intensifies
Texas bitcoin miners, embroiled in a controversy over their energy-intensive operations, are shutting down most of their machines while the state grapples with its power crisis.
Fed’s Barr “deeply concerned” about unregulated stablecoins
The Federal Reserve Board’s vice chair for supervision called for the creation of a legislative and regulatory framework for overseeing dollar-pegged digital assets.
Press Release: FDIC Releases Report Detailing Supervision of the Former First Republic Bank, San Francisco, California
PRESS RELEASE | SEPTEMBER 8, 2023 FDIC Releases Report Detailing Supervision of the Former First Republic Bank, San Francisco, California WASHINGTON – Today, Federal Deposit Insurance Corporation (FDIC) Chief Risk Officer Marshall Gentry released FDIC’s Supervision of First Republic Bank, an internal review evaluating the agency’s supervision of First Republic Bank, San Francisco, California, from […]
Banks’ CLO holdings stagnate despite their strong returns and rising interest rates
Regional banks may soon favor CLOs again while proposed rules could draw banks to the market long-term.
Fed’s Bowman: privacy protection trumps innovation for digital assets
The Federal Reserve governor said the “risks and tradeoffs” associated with private and sovereign digital currencies need to be weighed carefully.
Now more than ever, bankers need to focus on holistic risk management
Regulators and the public are still concerned about the condition of the banking system. Bankers can’t afford to look away.
Ant unveils AI language model for wealth management, insurance
Ant Group unveiled an artificial intelligence tool to use for wealth management and insurance services, joining the race for next-generation AI.
Capital One opens lounge at Washington’s Dulles Airport in major expansion
Capital One Financial opened its newest airport lounge to the public at the Washington, D.C., metropolitan area’s Dulles International Airport.