Fannie Mae partners with Palantir to weed out fraud
Bill Pulte and the government-sponsored enterprise’s chief executive will be working with a firm that analyzes big data and utilizes artificial intelligence.
Morgan Stanley ups animal welfare score, most banks at zero
BNY, Goldman Sachs, JPMorganChase and State Street are among those scored lowest by Sinergia Animal, despite pressure from shareholder activists to stop financing companies that exploit animals.
Visa’s new European CEO, Global Payments divests payroll biz
The card giant appointed Antony Cahill as its new regional president and CEO; Global Payments further simplifies its business; Curve adds Apple Pay rival to iOS devices; and more in this week’s global payments roundup.
BMO sells lagging businesses in push to boost U.S. returns
BMO Financial Group has sold a U.S. credit card portfolio and exited a franchise loan portfolio as part of an effort to achieve a return on equity of at least 12% in its U.S. business.
Banks’ net income rises in first quarter, FDIC says
The quarterly data showed bank profits were driven by gains at large firms while credit quality remained mixed, with commercial real estate loan stress at relatively high levels.
EU’s securitization revamp set to halve some capital buffers
The European Union is proposing rules that would make it easier for banks to sell off mortgages and reduce the amount of capital they must hold against certain bundled loans.
What’s next for CFPB, $35B Capital One-Discover merger in June
The Consumer Financial Protection Bureau’s erosion and the second phase of the Capital One merger with Discover are top of mind for bankers going into June.
Press Release: FDIC-Insured Institutions Reported Return on Assets of 1.16 Percent and Net Income of $70.6 Billion in the First Quarter
PRESS RELEASE | MAY 28, 2025 FDIC-Insured Institutions Reported Return on Assets of 1.16 Percent and Net Income of $70.6 Billion in the First Quarter Net Income Increased From the Prior Quarter, Led by Higher Noninterest Income Community Bank Net Income Increased From the Prior Quarter Quarterly Net Interest Margin Ticked Down From the Prior […]
Federal snooping enabled by the Bank Secrecy Act has gone too far
The Treasury Department is claiming extensive authority to pry into the private financial information of Americans on the flimsiest of pretexts. It’s time for the courts to step in.
What are the whys behind AI adoption in insurance firms?
A recent Digital Insurance survey found that boosting workplace efficiency and customer experiences were a handful of goals for artificial intelligence use.