Scotiabank to buy 14.9% of KeyCorp for about $2.8B

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Scotiabank to buy 14.9% of KeyCorp for about $2.8B Scotiabank to buy 14.9% of KeyCorp for about $2.8B

Bank of Nova Scotia agreed to buy a minority stake in KeyCorp, which was among the US regional..
Bank of America patent portfolio includes 1,100 AI patents Bank of America patent portfolio includes 1,100 AI patents

Bank of America has secured nearly 1,100 AI and machine learning patents since 2022 as it continues ..
CFPB fines VyStar Credit Union $1.5M for ‘bungled’ platform rollout CFPB fines VyStar Credit Union $1.5M for ‘bungled’ platform rollout

The Consumer Financial Protection Bureau fined VyStar Credit Union $1.5 million today for the..
A New Business on Wall Street: Defending Against D.E.I. Backlash A New Business on Wall Street: Defending Against D.E.I. Backlash

Companies are conducting vulnerability assessments, compiling research reports and writing plans..
Biggest banks develop AI at 2x the speed of smaller institutions Biggest banks develop AI at 2x the speed of smaller institutions

Banks with more than $1 trillion in total assets are developing and deploying AI and generative AI..
G7 Finalizes $50 Billion Ukraine Loan Backed by Russian Assets G7 Finalizes $50 Billion Ukraine Loan Backed by Russian Assets

The economic lifeline is expected to be disbursed by the end of the year.
HSBC Announces Restructuring and Names First Female C.F.O. HSBC Announces Restructuring and Names First Female C.F.O.

The restructuring of Europe’s largest lender comes as it looks to cut costs and navigate a..
Bank of America clients flock to digital tools in Q3 Bank of America clients flock to digital tools in Q3

Bank of America clients continued to flock to digital channels in the third quarter as the bank..
Meet Michelle Bowman, the Fed Official Cited by JD Vance Meet Michelle Bowman, the Fed Official Cited by JD Vance

Michelle Bowman, a Trump-appointed Fed official recently cited by JD Vance, has been gaining..
Capital One offers its authentication tool to FIs Capital One offers its authentication tool to FIs

Capital One is offering its AirKey authentication tool to other financial institutions to combat..
Can Corporate America Help Harris Win Pennsylvania? Can Corporate America Help Harris Win Pennsylvania?

The vice president has raised huge sums and has won over many business leaders. Despite that, the..
What to Do if You Fall Behind on Auto Loan Payments What to Do if You Fall Behind on Auto Loan Payments

The Consumer Financial Protection Bureau suggests that lenders may be overzealous in repossessing..
Wall Street Profits Surge Despite Questions About the Economy Wall Street Profits Surge Despite Questions About the Economy

JPMorgan Chase, Wells Fargo and BlackRock reported strong quarterly results to kick off earnings..
Credit unions invest to create personalized digital experiences Credit unions invest to create personalized digital experiences

Banks and credit unions are using data-driven insights to diversify their offerings, create..
Should You Trust Experian’s Smart Money Debit Card? Should You Trust Experian’s Smart Money Debit Card?

There’s not a lot of love for the credit bureaus, so why would you want one of them in your wallet? ..
A Climate Fund Could Pay Billions to Protect Trees in Amazon and Beyond A Climate Fund Could Pay Billions to Protect Trees in Amazon and Beyond

Brazil is proposing a fund that would pay countries to protect tropical forests that are crucial to ..
25 questions financial institutions are asking about gen AI 25 questions financial institutions are asking about gen AI

Financial institutions are exploring generative AI through their own center of excellence..
Fintech funding: Citi Ventures cautious of AI hype Fintech funding: Citi Ventures cautious of AI hype

Citi Ventures is aware and wary of a potential hype cycle relating to AI and aims to avoid..
First Citizens, SVB taking integration slowly First Citizens, SVB taking integration slowly

First Citizens Bank and Silicon Valley Bank are slowly integrating their tech stacks while keeping..
11 bank tech execs to watch in 2025 11 bank tech execs to watch in 2025

Financial institution leaders have prioritized innovation and efficiency efforts in 2024 while..
Want to End Poverty? Focus on One Thing. Want to End Poverty? Focus on One Thing.

Electrifying the world could produce the largest development gains since the 1990s.
Federal Reserve Cuts Interest Rates for the First Time in Four Years Federal Reserve Cuts Interest Rates for the First Time in Four Years

Jerome H. Powell, the Fed chair, said that the central bank would take future interest rate cuts..
What Does the Fed Interest Rate Cut Mean? What Does the Fed Interest Rate Cut Mean?

On Wednesday, the Federal Reserve lowered the interest rate for the first time since 2020. Jeanna..
JPMorgan explores taking over Apple card that Goldman wants to ditch JPMorgan explores taking over Apple card that Goldman wants to ditch

JPMorgan Chase & Co. is in discussions with Apple Inc. about taking over a credit card portfolio..
Five AI-driven fintechs to watch Five AI-driven fintechs to watch

Banks and investors are evaluating AI-driven startups for long-term growth opportunities.  ..
Banks Offer Bonuses for Customers Opening New Accounts Banks Offer Bonuses for Customers Opening New Accounts

Facing competition for business, banks are offering incentives to switch. But as one expert put it, ..
Transactions: Amex, Knot launch card-on-file solution Transactions: Amex, Knot launch card-on-file solution

American Express and card-on-file management company Knot are launching a card-on-file payments..
Citizens sees up to 20% efficiency gains through gen AI Citizens sees up to 20% efficiency gains through gen AI

Citizens Bank has deployed generative AI and automation in operations for activities including..
Inside look: Amex’s capital deployment strategy Inside look: Amex’s capital deployment strategy

American Express is maintaining its capital position while investing in its technology framework,..
TD chief says probes show need for better staff accountability TD chief says probes show need for better staff accountability

Toronto-Dominion Bank employees need to take more accountability and act with more urgency on risks,..
When Property Investors Want Out, These Bargain Hunters Rush In When Property Investors Want Out, These Bargain Hunters Rush In

Investment firms are raising record sums for real estate secondary funds that cut private deals to..
Africa’s Debt Crisis Has ‘Catastrophic Implications’ for the World Africa’s Debt Crisis Has ‘Catastrophic Implications’ for the World

Crushing obligations to foreign creditors that have few precedents have sapped numerous African..
Movers and Shakers: Wells Fargo appoints two new tech leaders Movers and Shakers: Wells Fargo appoints two new tech leaders

San Francisco-based Wells Fargo appointed Tracy Kerrins as head of consumer technology and leader..
TD accepting applications for 2024 TD Ready Challenge TD accepting applications for 2024 TD Ready Challenge

TD Bank has been investing in innovation through patent filings, AI and generative AI efforts in..
Fintech Funding: North American firms take most of H1 investment Fintech Funding: North American firms take most of H1 investment

Fintech funding hit a four-year low globally in the first half of 2024, but nearly three-quarters..
Fed Minutes Showed a Cut ‘Likely’ Coming in September Fed Minutes Showed a Cut ‘Likely’ Coming in September

Even before a disappointing July jobs report, Federal Reserve officials thought they would probably ..
Armed Forces Bank brings 24/7 banking to military customers Armed Forces Bank brings 24/7 banking to military customers

Armed Forces Bank is investing in its digital banking channels to ensure that its military-focused..
Social Security Numbers Reportedly Stolen in Hack: What to Know Social Security Numbers Reportedly Stolen in Hack: What to Know

Hackers may have gained access to the private information of millions of people from a background..
¿Te estafaron y no sabes qué hacer? Estos consejos pueden ayudarte ¿Te estafaron y no sabes qué hacer? Estos consejos pueden ayudarte

Personas de todas las edades y niveles socioeconómicos son objetivos potenciales, pero los..
Barclays, Amazon team up on credit card Barclays, Amazon team up on credit card

London-based Barclays bank and Amazon have come together to launch a co-branded card in the United..
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