HSBC's new CEO makes his mark; Trump taps former senator to lead SBA; AI chats with data

HSBC names latest US leader as new CEO makes his mark: Lisa McGeough will be heading the global bank's U.S. operations. It's just the latest change at HSBC since Georges Elhedery took the reins in September.

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Trump nominates former Georgia senator to head SBA: Kelly Loeffer would lead an agency that is critically important to community banks, which make tens of billions of dollars in loans annually under its largest loan program.

Great Southern loan officers use gen AI to 'chat' with data: A bot from nCino lets people in the commercial lending department quickly find information in loan documents and in policy manuals that are hundreds of pages long.

How U.S. Bank's travel plans feed its payments business: A collaboration with Booking.com is designed to encourage consumers to use the bank to manage airline tickets and hotels, a lucrative market that's drawing attention across the financial services industry.

Associated expects asset sale to boost its profitability in 2025: The Green Bay, Wisconsin-based bank will record a fourth-quarter loss after agreeing to sell $3 billion of low-yield loans and mortgages. The moves leave the bank well-positioned for 2025, CEO Andy Harmening said.