AI isn’t driving Wall Street layoffs. Its impact will be more subtle
Artificial intelligence will make finance more efficient, reduce inefficiencies and empower professionals to do more with less. But the need for human judgment, leadership and risk-taking? That’s not going anywhere.
Ending cyber offensive against Russia could reduce threat intel
Secretary of Defense Pete Hegseth’s decision to halt operations against Russia could weaken intelligence important to banks defending against attackers.
SEC Crypto Task Force’s senior staff include Peirce alums
The Securities and Exchange Commission announced staff members of its Crypto Task Force Monday.
FDIC rescinds Biden-era merger policy, slew of pending rules
The Federal Deposit Insurance Corp. board of directors approved a proposal to roll back its 2024 merger policy, reinstating previous guidelines while charting a new policy toward bank combinations.
Fighting fraud with tech: Q&A with Nasdaq CEO Adena Friedman
The stock exchange has several hundred banks using its full suite of digital tools and 2,600 clients using its anti-financial crime software, Friedman said.
Press Release: FDIC Board of Directors Withdraws Four Outstanding Proposed Rules
PRESS RELEASE | MARCH 3, 2025 FDIC Board of Directors Withdraws Four Outstanding Proposed Rules WASHINGTON – The Federal Deposit Insurance Corporation’s (FDIC) Board of Directors today approved the withdrawal of three outstanding proposed rules relating to brokered deposits, corporate governance, and the Change in Bank Control Act (CBCA). The FDIC is also withdrawing authority […]
Press Release: FDIC Board of Directors Approves Delay of Compliance Date For Certain Provisions in Sign and Advertising Rule
PRESS RELEASE | MARCH 3, 2025 FDIC Board of Directors Approves Delay of Compliance Date For Certain Provisions in Sign and Advertising Rule WASHINGTON – The Federal Deposit Insurance Corporation (FDIC) Board of Directors today delayed the compliance date of certain provisions under the FDIC’s Sign and Advertising Rule. Specifically, the delay applies to requirements related […]
LA fires magnify climate risks to mortgage industry
As climate change causes more frequent disasters, more mortgages are at risk of going underwater. How can banks limit their exposure?
Press Release: FDIC Board of Directors Approves Proposal to Rescind 2024 Bank Merger Policy Statement
PRESS RELEASE | MARCH 3, 2025 FDIC Board of Directors Approves Proposal to Rescind 2024 Bank Merger Policy Statement WASHINGTON – The Federal Deposit Insurance Corporation (FDIC) Board of Directors today approved a proposal to rescind the agency’s 2024 Statement of Policy on Bank Merger Transactions. The FDIC’s proposal will reinstate, on an interim basis, the […]
Trump’s crypto reserve coin picks puzzle industry leaders
Many in the crypto community were confused by the president’s announcement that his proposed strategic crypto reserve will include tokens beyond bitcoin.