FDIC streamlines path for banks to take on some crypto business
Banks supervised by the US Federal Deposit Insurance Corp. no longer need prior approval to engage in crypto-related activities, undoing...
Hundreds of Lloyds bankers head back to school to learn AI
Lloyds Banking Group Plc has teamed up with the University of Cambridge to train 300 senior staff in artificial intelligence...
Microsoft abandons data center projects, TD Cowen says
Microsoft Corp. has walked away from new data center projects in the US and Europe that would have amounted to...
JPMorgan, Affirm to offer merchants buy-now, pay-later products
JPMorgan Chase & Co. is broadening its relationships with buy-now, pay-later providers, announcing an agreement with Affirm Holdings Inc. to...
Jack Ma-backed Ant touts AI breakthrough using Chinese chips
Jack Ma-backed Ant Group Co. used Chinese-made semiconductors to develop techniques for training AI models that would cut costs by...
Capital One, Discover fall on reports of DOJ antitrust concerns
Capital One Financial Corp. and Discover Financial Services shares fell after a report that staff at the US Department of...
Payments firm Klarna files for IPO, showing 24% revenue jump
Klarna Group Plc filed publicly for a US IPO in what could be one of the year’s biggest financial company...
Block subsidiary secures FDIC approval for Cash App Borrow loans
Block Inc. said its Square Financial Services industrial bank subsidiary received approval from the U.S. Federal Deposit Insurance Corp. to...
Banks want US consumer regulator back to undo rules they loathe
Financial companies were rarely shy about their issues with the Consumer Financial Protection Bureau. But a largely shuttered consumer watchdog...
Wall Street flags new AI risks from hallucinations, criminal use
Goldman Sachs Group Inc., Citigroup Inc., JPMorgan Chase & Co. and other Wall Street firms are warning investors about new...
