We’re in a financial revolution. Latin America must meet the moment
The new age of AI-enabled agents and increasing connectivity will not reward financial institutions focused on the last wave of innovation. Latin American institutions must embrace new technology.
How AI is changing the cost of a data breach
Companies that lack artificial intelligence governance may spend hundreds of thousands of dollars more in responding to cyberattacks, IBM found.
Weak jobs data boosts odds of mortgage rate drop
Employment came in below estimates, which some economists expect could move the bond market in ways that affect loan costs even before the Fed meets next.
Trump asks bank CEOs to pitch on Fannie, Freddie stock offerings
President Donald Trump is bringing in bank leaders to meet with him one by one at the White House. Beyond the economic discussion, there’s a chance at a big payday for their firms.
Banks should take the lead in developing a trusted digital ID system
U.S. banks should look to Sweden, where the identity verification measures put in place by banks also give users access to both government and private-sector platforms.
Cullen/Frost’s investment in Texas expansion soon to pay off
The San Antonio-based company plans to remain in state borders, but sees opportunity for growth in major markets.
As the credit union industry booms, who’s watching?
A dramatic boardroom purge at the NCUA has unleashed a fierce debate over the future of credit unions, and whether they’re still serving their original mission.
Wells Fargo to name Scharf chairman
The decision to rejoin the CEO and chairman roles comes roughly two months after regulators removed an asset cap that had stunted the San Francisco-based company’s growth for seven years.
Banks assess security measures in wake of NYC shooting
In New York City and elsewhere, financial institutions are taking stock of their office-building security protocols following the killing of four people, including an investment bank executive, in Midtown Manhattan. Security experts say that layers of protection are essential in all office buildings.
Five FDIC officials engaged in workplace misconduct: report
The Federal Deposit Insurance Corp. withheld bonuses from former FDIC Chair Martin Gruenberg and four senior officials, whose names were redacted from the report, as part of ‘corrective action’ for allegations of misconduct.