Big banks are copying from private credit’s playbook
Citigroup, Barclays and Morgan Stanley are just a few of the firms joining JPMorgan in what suddenly feels like a rush into direct lending.
‘Federated learning’ can supercharge banks’ AML detection
The process allows artificial intelligence and machine learning to train on the data of many banks, without compromising customer privacy.
The women who are bank CEOs
Of the 11 women on our list, only one – Citi’s Jane Fraser – leads one of the U.S.’s 50 largest banks.
Why lots of banks are saying goodbye to their insurance agencies
Banks large and small are selling some or all of their insurance subsidiaries, enticed by the high prices they’re being offered. Here’s a rundown of the deals that were struck in 2023.
7 ways gen AI is disrupting financial services jobs
Banks, payment companies, mortgage lenders and insurance providers are racing to seize an advantage from generative artificial intelligence. Some have been especially aggressive in deciding which workflows — or entire jobs — can be handed off to AI.
24 people who will change banking in 2024
CEOs, regulators, advocates, lawmakers: who will have the biggest impact on the banking industry this year?
Fincen issues final beneficial ownership access rule
The Financial Crimes Enforcement Network issued a final rule on beneficial ownership information ahead of a deadline to start reporting this data on January 1, 2024, with revisions to address concerns from lawmakers and banking advocates.
Extra arbitration hurdles at Zelle, Klarna draw criticism
Corporations and trial lawyers have long fought over whether consumers should be forced into arbitration to resolve their complaints. Now there’s a new wrinkle: It’s becoming harder for aggrieved customers to even get to arbitration.
Banks ask Biden to rethink more stringent regulation
The American Bankers Association requested that President Joe Biden tell Treasury Secretary Janet Yellen to study the impact of more robust bank regulation.
How JPMorgan Chase and Capital One became AI leaders
Six North American banks did well in Evident’s latest assessment of banks’ AI efforts, but JPMorgan and Capital One have a clear lead.