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Transcript:Penny Crosman (00:03):Welcome to the American Banker Podcast. I am Penny Crosman. In some organizations that deploy AI, there are holdouts: People who don’t trust AI models…
Pedestrians make their way early morning in the hallway of the Grand Central terminal in New York on February 29, 2024.Charly Triballeau | AFP | Getty ImagesMore…
During the Great Depression, a group of economists at the University of Chicago proposed a radical solution to financial instability, known as the Chicago Plan.Visualization created with…
Check out the companies making headlines in after-hours trading. MongoDB — Shares plunged 23% in extended trading. MongoDB said it sees first-quarter adjusted earnings per share of…
Key insight: The nascent executive order would entail banks negotiating with their core service providers to update onboarding protocols to incorporate new data fields, a potential costly…
“To make it, concentrate;to keep it, diversify.”– The Maxims of Wall Street, Page 158 Over many years, I’ve spoken at hundreds of conferences, including The Oxford Club’s…
Frame Studio | Moment | Getty ImagesWith the Middle East war rattling global markets, gold is once again drawing attention as a potential safe-haven investment. The precious…
Key insight: Fintechs and small banks may receive additional scrutiny from regulators on know-your-customer compliance.Expert quote: “Shadow banking is a real threat … there can’t be any…
Loan
View MoreTypically, mortgage rates fall shortly after geopolitical incidents unfold.This time, they bounced higher on the…
President Donald Trump, left, and JP Morgan Chase CEO Jamie Dimon.ReutersJPMorgan Chase CEO Jamie Dimon…
Key insight: One of KeyCorp’s top executives has resigned from the bank, citing “personal health…
Student loan debt can feel especially heavy because it often sticks around for years. Even…
Oil prices spiked after the U.S. and Israel attacked Iran over the weekend, threatening an…