Bankers going all-in on AI should take a lesson from the fate of the Concorde
The supersonic Concorde was one of aerospace technology’s greatest achievements. However, its ultimate commercial failure should be a lesson for those pushing AI into banking. Advanced technologies often develop faster than consumers’ ability to benefit from them.
Inside the brewing battle over regional Fed bank leadership
Federal Reserve watchers expect a board of governors vote in February to reappoint the 12 regional Fed bank presidents — which is typically treated as a formality — to be the next flashpoint in the White House’s effort to bring the central bank to heel.
Connecting banks with nonprofits to make New York ‘greater’
Through a nonprofit called Greater NY, early-career analysts at banks can apply their financial skills at charities and other civic-minded organizations. The partnerships give free help to nonprofits, but provide surprising benefits to the banks as well.
Banks paid $370M in ransoms to cybercriminals in 2024
While overall payments declined, the financial sector remained the top payer to cybercriminals, surpassing both health care and manufacturing.
CFPB’s proposed credit access rule would bring redlining back
A comment deadline is approaching on a proposed Consumer Financial Protection Bureau rule that would dismantle longstanding rules meant to protect minorities from discrimination in the market for credit.
Former CEO of failed Okla. bank indicted on fraud charges
Danny Seibel, who led First National Bank of Lindsay from 2007 until shortly before the bank’s failure last year, is accused of falsifying bank documents to conceal the condition of loans.
The heavy tech lift behind stablecoin banking
At a UCLA economic panel, experts from Zions, JPMorgan, Berkeley Research Group and Wave Digital Assets discussed the challenges in data management and compliance risk that goes with adopting digital assets.
Evercore hires JPMorgan health care banking head
JPMorgan’s Ben Carpenter will join Evercore as a senior managing director; Wells Fargo appoints Jackie Krese to head syndications within its fund finance group; the SEC is probing Jefferies over its relationship to bankrupt auto parts supplier First Brands Group; and more in this week’s banking news roundup.
Apply for 2026 The Most Powerful Women in Banking and Finance NEXT ranking
Call for submissions for women 40 years and younger who are rising leaders at their bank or financial institution.
The Most Powerful Women in Banking 2026: Call for nominations for Banking, Finance and Top Teams
The annual rankings honor the notable performances of individuals in banking and finance and as teams.