Trump picks Senate Banking member Vance as running mate
Former President Donald Trump has selected Sen. J.D. Vance, R-Ohio, a vocal member of the Senate Banking Committee, as his vice presidential candidate in the 2024 presidential election, marking a turn against corporate power in Republican politics.
Powell commits to finish Fed chair term, stays mum on future plans
The Federal Reserve chairman has two years left in his term, which he will serve regardless of who occupies the White House. Powell’s term on the Fed Board of Governors expires in 2028.
How U.S. Bank climbed to the top in mobile app customer satisfaction
In recent surveys conducted by Javelin Strategy & Research and Insider Intelligence, consumers gave the bank’s app high marks. Many small-seeming improvements explain the ascent.
FedNow’s first year, and its impact on real-time payments
The government-backed instant processing network has been live only since the summer of 2023, but it’s already indirectly boosting usage at an unrelated bank-led rail from The Clearing House.
Banks can’t afford to skimp on top-tier technological expertise
The basics of good banking — a strong balance sheet, customer service and solid risk analysis — will always be important. But in the future, technological competence will be the difference between the sector’s winners and losers.
Goldman Sachs has ‘solid’ second quarter as profits rise 14%
Goldman’s two main businesses — global banking and markets, and asset and wealth management — both recorded year-over-year increases in revenues during the second quarter. “We are pleased with our solid second quarter results,” CEO David Solomon said Monday in a press release.
American Banker news quiz: July 15
In this edition of American Banker’s news quiz, catch yourself up on the latest news surrounding Project 2025, Patelco Credit Union’s cybersecurity breach, fines against Citigroup and Fifth Third and more.
Bank Transformation in the AI Age: Implementation Best Practices
The discussion will delve into strategies for future-proofing technology investments, focusing on how to extend existing systems to harness the potential of AI while maintaining resilience. Join us to discuss how to evaluate platforms that deliver tangible value in a matter of months, considering factors such as scalability, flexibility, and integration across various business areas.
Citi streamlines commercial lending with the help of AI
The megabank is working with the digital lending fintech Numerated to automate transferring and analyzing important financial data from borrowers.
Banks, fintechs tackle the complexity of KYB with AI and other tech
First Internet Bank and Nbkc Bank are among those exploring ways to automate the traditionally manual task of verifying business customers.