Bank of America: More than 90% of its employees now use AI
The second-largest U.S. bank is pushing generative artificial intelligence out to most employees while continuing to offer its more traditional AI-based Erica virtual assistant to customers, says tech executive Hari Gopalkrishnan.
State-issued digital IDs are taking hold. Are banks ready?
As more states adopt digital identity, there is an opportunity for banks to improve authentication.
French Hill promises Republican-led bank deregulation
As President Donald Trump’s tariffs whipsaw bank shares and threaten recession, the House Financial Services Committee chairman told a large room of bankers that efforts like repealing the small business data collection rule and passing legislation to Congressionally appropriate the Consumer Financial Protection Bureau are among his priorities.
Trump team mulls exporter tax credit as tariff counterweight
The rebate, which would be geared toward boosting U.S. manufacturers, would be issued at the end of the year to offset the effects of retaliatory tariffs.
Trump dismisses last-gasp EU push to stop tariffs kicking in
President Donald Trump rejected a European Union proposal to drop tariffs on all bilateral trade in industrial goods with the U.S.
To cut or hike? Tariffs put Fed policy at a crossroads
Federal Reserve officials want to see how exactly new trade policies impact the U.S. economy before adjusting interest rates. Markets and monetarists have different ideas about what that might look like.
Banks need more clarity about the rules governing digital assets
Last month, the OCC opened the door to national banks interested in engaging with digital assets. That’s a good thing, but there is a real need for clear legislative and regulatory guidance so they can move forward safely.
Need a revenue boost? Lock down payments security risks
New American Banker data hypothesizes that controlling cybersecurity and fraud risks within payments systems can create significant revenue growth.
Tariffs put banks in a tight spot with Trump
Bankers are growing frustrated as President Donald Trump’s trade policy causes turmoil in markets and confusion for clients. But banking trade groups in Washington — at least publicly — are remaining silent.
What Trump’s tariffs mean for banks
From reduced demand for auto loans to a slowdown in mergers and acquisitions, here’s some of the new trade war’s potential fallout for lenders.