Citigroup says AI helps speed account openings and systems upgrades

Citigroup is using artificial intelligence to speed up ‌account openings and the retirement of old software, the U.S. bank's ...
Devdiscourse

How banks are rewriting financial safety systems with AI

New research indicates that banks are increasingly relying on machine learning, advanced analytics, and data-driven systems to identify, assess, and mitigate risks ranging from credit defaults to ...
The Motley Fool

Billionaire Investor David Tepper Eliminated Nearly All of Appaloosa Management's Bank Stocks and Increased its Position in One of the World's Largest AI Memory Companies by 200%

David Tepper's fund, Appaloosa Management, has a strong track record. The billionaire investor has made many notable calls over the years. His fund appears to have made two more good calls in last ...
MarketWatch

Brookfield, BCI, Norges Bank Investment Management to Launch North America-Focused Renewable Energy Company

Brookfield Asset Management is teaming with British Columbia Investment Management and Norges Bank Investment Management to launch Northview Energy, a closely held renewable energy company that will ...
Wall Street Journal

Royal Bank of Canada Earnings Lifted by Personal Banking, Markets Growth

Royal Bank of Canada’s earnings rose in the first quarter as the lender saw growth in its retail banking business and capital markets operations. The bank, the country’s biggest by market value and ...
Digital Journal

Can generative artificial intelligence systems genuinely create original ideas?

Creative view of the periodic table. — Image by © Tim Sandle Creative view of the periodic table. — Image by © Tim Sandle A new Canadian study, comparing more ...
The Business Journals

Simmons Bank adds St. Louis wealth management team from BMO with $750M in assets

To continue reading this content, please enable JavaScript in your browser settings and refresh this page. Preview this article 1 min The bank is adding a wealth ...
wbng

New York State Office of Cannabis Management to create first-in-the-nation center of excellence

NEW YORK (WBNG) -- New York is making sure physicians have a good understanding of how to counsel patients using cannabis as part of a new, first-of-its-kind facility. The state is launching the first ...
Fox Business

Wells Fargo becomes first major bank to relocate wealth operations headquarters to Florida

Another major financial giant is planting its flag in Florida. Wells Fargo confirmed to Fox News Digital that it is moving its wealth management headquarters to West Palm Beach, underscoring a growing ...
CoinDesk

India's central bank proposes a plan to create digital-currency link among BRICS nations

The Reserve Bank of India (RBI) is pushing a plan to link central bank digital currencies (CBDCs) across BRICS nations to streamline cross-border trade and tourism while chipping away at the U.S.
Business Wire

Community Financial System, Inc. Significantly Expands Its Wealth Management Services With Acquisition of ClearPoint Federal Bank & Trust

SYRACUSE, N.Y.--(BUSINESS WIRE)--Community Financial System, Inc. (NYSE: CBU) (“CFSI”) announced today that its wholly-owned banking subsidiary, Community Bank, N.A., has entered into an agreement to ...
Morningstar

Community Financial System, Inc. Significantly Expands Its Wealth Management Services With Acquisition of ClearPoint Federal Bank & Trust

Community Financial System, Inc. (NYSE: CBU) (“CFSI”) announced today that its wholly-owned banking subsidiary, Community Bank, N.A., has entered into an agreement to acquire ClearPoint Federal Bank & ...