How to evaluate life settlements for clients who no longer need insurance
Instead of letting life insurance policies lapse or even liquidating them, advisors can guide clients through settlements, which might make sense depending on clients’ situations.
Citi hires Google’s director of engineering, shuffles AI leaders
Former chief technology officer David Griffiths, who now heads AI, has recruited some leaders and moved people from other parts of the company onto his team.
Inside Fifth Third’s ‘innovation economy’ ambitions
The Cincinatti-based regional bank is bringing together its embedded banking platform Newline and Comerica’s venture banking business to sell financial services to technology companies.
Bankers need to engage as lawmakers consider AI guardrails
The risks that artificial intelligence poses to the financial services industry are real and becoming more apparent every day. As lawmakers and regulators consider new rules, bankers need a seat at the table.
How corporate clients’ ‘small complaints’ are hurting banks
Payment experts say there are several areas in which banks are falling short, threatening relationships.
What if the bond market has outgrown the Fed?
Kevin Warsh doesn’t want the market slavishly paying attention to the Fed; looking at what’s happening in the the bond market, it may already be obliging him.
The next phase of Trump’s banking reforms won’t be so easy
Banking regulators were in lockstep for many of the administration’s initial banking policy agenda items. Agreement may not be so easy to obtain for the items that remain.
Wells Fargo prevails in pay fight with former CEO Tim Sloan
Sloan, who left the bank in 2019, contended he was owed tens of millions of dollars in deferred compensation. But a San Francisco judge sided with Wells Fargo on Friday.
Supreme Court weighs new hurdle for 401(k) lawsuits
The justices consider what sorts of investment benchmarks plaintiffs have to point to when claiming their retirement savings were directed into imprudent and unnecessarily risky funds.
Colony Bank uses gen AI to shave days off SBA loan approvals
The Georgia bank has been using software from Lama to originate small-business loans, reducing the time needed per loan.