Wealthfront plans an IPO. A US shutdown may get in the way.
The robo-adviser fintech publicly released its S-1 filing on Monday, even as the threat of a government shutdown could chill the IPO market.
Why Fiserv plans to acquire deposit network StoneCastle
The acquisition would allow Fiserv network banks to insure larger deposits and could bolster the company’s new foray into stablecoins.
Bank of America bolsters its artificial intelligence toolkit
The bank added an AI assistant to improve business payment tools, a move that comes at the same time that Citigroup and Temenos pushed their strategies for emerging AI at banks.
Fed’s Jefferson: Uncertainty around economy ‘especially high’
Federal Reserve Vice Chair Philip Jefferson said despite the near term cloudiness to economic projections, he does expect inflation to resume its downward trajectory next year and reach the Fed’s 2% inflation target in the coming years.
CFPB’s union appeals agency’s ‘dismantling’ to D.C. Circuit
The Consumer Financial Protection Bureau’s union is appealing an appellate panel’s ruling that allows acting CFPB Director Russell Vought to fire 90% of the bureau’s staff.
A healthy sales culture provides the oxygen growing banks need
Banks that embrace, promote, and support a principled sales culture discover that it not only fuels growth but also strengthens their brand and deepens customer trust.
Citi mandates AI prompt training for most employees
A memo sent to 175,000 employees gives them 60 days to complete the training.
Experts say Supreme Court could combine independence cases
Legal experts say the outcome of Slaughter v. Trump, which considers Trump’s termination of a Federal Trade Commission member, could have profound implications for Federal Reserve Governor Lisa Cook’s litigation, which in turn could determine the future autonomy of the central bank.
Capital One seeks to kill two costly lawsuits with one stone
The credit card giant is facing both a class-action case and a related state-AG lawsuit over the low rates it paid to savers. Can the settlement of one suit ease the pain of the other?
TD touts ‘unparalleled opportunity’ after major AML scandal
The Toronto-based bank announced enterprise-wide and business-specific revenue and expense targets, almost exactly one year after it was hit with more than $3 billion in fines and an asset cap for money-laundering-related blunders.