Generative AI may shoulder up to 40% of workload, some bank execs predict Six in 10 bank executives list generative AI as a top investment priority this year, according to a survey published in April ...

Wells Fargo taps Google Cloud for agentic AI push The tools will give employees real-time market insights, help navigate extensive documentation and improve customer service.

Cryptocurrency firm Ripple will acquire Toronto-based stablecoin platform Rail in a $200 million deal, the companies said Thursday. The acquisition is set to streamline Ripple’s operations by adding ...

Paxos to pay $48.5M over AML, due-diligence failures Some of the charges stem from the stablecoin issuer’s relationship with Binance. The agreement includes a $22 million investment in Paxos’ ...

Flagstar wants to dissolve its holding company The move, which would cut the Federal Reserve out of the bank’s oversight, is expected to save $15 million annually, the bank said Friday.

Trump-appointed group calls for clear crypto regulation, tax changes The long-awaited, 166-page report detailed regulatory and legislative suggestions in the interest of “the new American Golden Age.” ...

JPMorgan teams up with Coinbase The U.S.’s biggest bank will partner with the crypto exchange to link Chase bank accounts and Coinbase crypto wallets.

TD names first US small-business head Chris Ward joined TD last year after seven years at Bank of America. Now he takes on a new role, for him and TD, as its head of U.S. small business.

Fifth Third, expanding to Alabama, aims to ‘show up differently’ The lender’s head of consumer banking touts an open-air atmosphere and “consultative” priority that is far removed from his ...

Florida’s BayFirst sheds 51 jobs, shutters SBA loan platform The bank’s COO called out older, smaller loans as a trouble spot. BayFirst counted $1.5 million in first-half losses and expects to take a ...

An activist investor is pressuring Comerica to sell to a larger bank, accusing the Dallas, Texas-based lender of making “disastrous decisions” and having “objectively poor performance.” HoldCo Asset ...

Former SoFi general counsel Adam Cohen has been tapped to become the Office of the Comptroller of the Currency’s senior deputy comptroller and chief counsel. Cohen, who will join the OCC from the law ...