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.
RBC reshuffles leadership, Miami de novo clears regulatory hurdle
Royal Bank of Canada reorganizes its executive leadership ranks; pending startup BankMiami gets approval from Florida’s Office of Financial Regulation; Rize Credit Union’s Julio Jimenez-Wenz joins Nevada Commission on Minority Affairs; and more.
How a payments startup eases college students into credit
Fizz offers a card that enables undergrads to slowly build a debt record based on healthy spending habits, providing an alternative as regulators pressure how financial services are marketed to the demographic.
Amalgamated Bank of Chicago rebrands as ABOC, eyes expansion
After its planned sale to a larger competitor fell through, the renamed bank plans to expand into new markets, starting with St. Louis.
Joint Press Release: Agencies Release List of Distressed or Underserved Nonmetropolitan Middle-Income Geographies
JOINT PRESS RELEASE | JULY 12, 2024 Federal Deposit Insurance CorporationFederal Reserve BoardOffice of the Comptroller of the Currency________________________________________________________________ AGENCIES RELEASE LIST OF DISTRESSED OR UNDERSERVED NONMETROPOLITAN MIDDLE-INCOME GEOGRAPHIES Federal bank regulatory agencies today released the 2024 list of distressed or underserved nonmetropolitan middle-income geographies where certain bank activities are eligible for Community Reinvestment Act […]
The Federal Home Loan banks can — and must — invest more in housing
With Americans suffering from high housing costs and declining supply, we cannot afford to watch a massive government-sponsored enterprise sit on billions in retained earnings.