NEW YORK, June 12 (Reuters) - U.S. banking regulators are stepping up scrutiny of how lenders deploy artificial intelligence ⁠as the ⁠developing technology sweeps through the industry, pressing firms ...

Gallup finds 80 percent of employees globally are disengaged, at an annual cost of $8.8 trillion in productivity. Many reasons explain why people tune out others but often it’s unintentional and ...

Major U.S. banks, including JPMorgan, Citi and Bank of America, plan to establish a shared tokenized deposit network by mid-2027, operated by the Clearing House, according to the Wall Street Journal.

The largest U.S. banks plan to launch a tokenized deposit network next year, an attempt to stave off threats from crypto companies that are seeking to wade deeper into their territory under President ...

Three forces – spreads, speed and optimization – are reshaping how banks think about liquidity, and together they mark a shift from passive defense to active balance sheet management. Regulators are ...

WASHINGTON, May 19 (Reuters) - U.S. regulators have proposed an overhaul to a confidential rating system for banks, saying ‌the changes would ensure that examiners grade the financial institutions ...

Bank of America has agreed to pay $2.25 million to settle a class-action lawsuit accusing it of overcharging customers on ATM fees at 7-Eleven stores. The deal, announced this week, could put money in ...

Some Bank of America customers could soon receive payments following a $2.25 million class-action settlement related to ATM fees at 7-Eleven convenience stores. The lawsuit, filed in 2019, accused ...

Frost Bank is facing two proposed class-action lawsuits alleging the bank failed to adequately protect customer data following a cyberattack attributed to a prominent ransomware group. Both complaints ...

Human ingenuity is a remarkable thing, but occasionally, it takes a wrong turn into a cul-de-sac of absolute absurdity. We often see people facing a simple, everyday problem and deciding that the most ...

Fed Chair Jerome Powell and Treasury Secretary Scott Bessent met with the heads of major U.S. banks to discuss the cyber threat of Anthropic's new Mythos model. Anthropic rolled out Mythos this week ...

U.S. regulators and top Wall Street bank chiefs held an urgent meeting to assess cybersecurity risks from Anthropic’s AI model Mythos. Mythos can rapidly spot software flaws and craft sophisticated ...