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.
#banking 36 articles
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,...
Finance
Bank Workforce Unease Deepens as CEOs Discuss AI Cuts
Bank workers, including those in higher-level roles, feel increasingly "unmoored" by CEO discussions of AI-related job cuts, according to a recent Bloomberg...
Finance
US Banks Launch Tokenized Deposit Network Against Stablecoins
Major U.S. banks, including JPMorgan and Citi, are launching a tokenized deposit network by 2027. This blockchain-based system aims to counter stablecoin...
Investing
Banks vs. Stablecoins: The Battle for Banking Power
Traditional banks, led by JPMorgan Chase, are pushing back against stablecoin issuers, viewing them as direct competitors for core banking functions and...
Finance
OpenAI Offers UK Banks AI Cyber Tool After Rival Blocks Access
OpenAI has provided nine major UK banks access to its cybersecurity AI tool, GPT-5.5 Cyber, following rival Anthropic's decision to restrict previews...
Investing
Bank of England Economist: Tokenized Deposits Will Eclipse Stablecoins in Five Years
A Bank of England economist predicts tokenized deposits will supplant stablecoins within five years, driven by commercial banks' strategic pivot. She highlights...
Finance
Banks Shift Focus Upstream as Consumers Prepare for Cost Hikes
Consumers are proactively adjusting finances anticipating higher costs. Banks are responding by offering tools to forecast financial pressures before they become acute.
Finance
Standard Chartered to Cut Over 7,800 Roles Amid AI Integration
Standard Chartered plans to eliminate more than 15% of its back-office roles by 2030, citing increased use of artificial intelligence and automation.