Finance
Starling Bank Cuts 130 Roles, Citing AI Integration and Restructuring
Starling Bank plans to cut approximately 130 jobs, about 3% of its workforce, as it automates roles and restructures operations, citing increased...
#banking 25 articles
Investing
CIBC Settles NSF Suit, Wafr Secures $100M, Toronto Home Sales Rebound
CIBC agrees to a $10 million class action settlement over NSF charges. Wafr secures $100 million for AI data centre tech, while...
Finance
Stripe, Banks Urge Congress: Payments Regulation Must Evolve
A House committee hearing saw Stripe and banks advocate for updated payment regulations, arguing current rules hinder innovation and fail to fit...
Finance
AI Fuels Faster, Harder Cyberattacks: Banks Must Adapt
Top intelligence agencies warn AI is weaponizing cyberattacks, making them faster and cheaper. Banks are now prioritizing AI-driven defenses to counter this...
Finance
NatWest CEO: AI to Assume Existing Banking Roles
NatWest CEO Paul Thwaite confirmed AI will take over some existing banking roles, a sentiment echoed by other industry leaders as financial...
Finance
Guernsey Charity Founder Peter Neville Retires; James Ellis Takes Chair
Peter Neville, founder of Guernsey Community Savings, has retired after establishing the charity to support the financially excluded. Former banker James Ellis...
Investing
FDIC Rulemaking Intensifies Fight for Digital Dollar Economics
The FDIC's proposed GENIUS Act framework for stablecoins closed its comment period, revealing a fierce battle over who controls the economics of...
Finance
Fifth Third Joins Anthropic’s Project Glasswing AI Cybersecurity Initiative
Fifth Third Bancorp has been recruited by Anthropic for its Project Glasswing AI cybersecurity initiative, aimed at strengthening critical systems.
Finance
Wells Fargo CFO Projects NII Growth, Confirms $50 Billion Goal
Wells Fargo CFO Mike Santomassimo forecasts a Q2 net interest income increase and reaffirms the bank's full-year NII target of $50 billion,...