Why gambling addiction is suddenly a problem for banks
Banks need to reckon with the explosive rise of legal online wagering and the addicts left in its wake.
Goldman Sachs co-head of banking and markets plans to exit after 29 years
Jim Esposito, one of Goldman Sachs Group’s most senior executives, is leaving after almost three decades with the firm.
Huntington’s Sandy Pierce: The exit interview
The longtime Most Powerful Women in Banking honoree looks back on her 40-year career and the power of persistence.
OCC to remove merger review timeout clause
Acting Comptroller of the Currency Michael Hsu said Monday his agency is rescinding a rule that requires merger applications to be considered approved 15 days after of a comment period’s closure, part of a broader effort to rethink the bank merger process.
Don’t be wowed by your AI vendor
The recent leadership turmoil at OpenAI underscored the importance of the due diligence banks must conduct before working with a generative artificial intelligence vendor.
Banks cannot skimp on AI vendor vetting
Financial services companies are still in the early days of utilizing artificial intelligence, meaning they must closely examine any partnership with a third party. This includes demanding evidence to back up any performance claims these outside companies make.
How Google’s helping take India’s payments tech global
Google Pay’s collaboration with the country’s digital transaction network is the latest example of Indian tech informing strategy elsewhere in the world, including the U.S.
‘More impactful than the internet’: How AI will reshape banking jobs
With the growing interest in generative AI, it seems inevitable that some banking jobs will change while others will be eliminated entirely.
Fintechs contend with banking-as-a-service fallout
Fintechs that jump ship to more stable sponsor banks need to prove they have a solid business and take compliance seriously.
Smaller regionals brush off commercial real estate worries
Cullen/Frost in Texas, BankUnited in Florida and Bank OZK in Arkansas are among the banks that have, at least for now, allayed investors’ fears about their exposure to the CRE sector.