Regulators' BaaS reckoning; why Goldman Sachs believes in AI
American Banker
In-depth analysis, perspective and commentary on key issues affecting the banking industry.
Fintech partner banks facing 'volatile mix' of supervisory scrutiny: Recent months have seen an uptick in enforcement actions against banks engaging in banking-as-a-service strategies. Observers are split on whether that enhanced scrutiny is temporary or terminal.
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Europe may have an answer to U.S. wire transfer fraud questions: In an ongoing case, Citi and the New York Attorney General are disputing who is responsible for wire transfer fraud that drained a customer's retirement savings.
M&T shows progress reducing its CRE exposure: The Buffalo, New York-based bank set a goal four years ago to limit its commercial real estate loan portfolio to 160% of its capital and reserves, and it's closing in on that target, says Chief Financial Officer Daryl Bible .
Democrats slam U.S. Chamber over credit card fee lawsuit: Democratic Sens. Elizabeth Warren, Mass., and Sheldon Whitehouse, R.I., decried the U.S. Chamber of Commerce 's suit against the Consumer Financial Protection Bureau 's credit card late fee rule, saying the suit is an example of the kinds of frivolous litigation it opposes elsewhere.
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Why Goldman Sachs CEO David Solomon has become an AI believer: Goldman Sachs is working to deploy artificial intelligence as it seeks to make its own operations more efficient. Solomon also sees an "unprecedented" opportunity in financing clients' needs as they invest in AI.
Betsy Cohen and Sallie Krawcheck on innovation, fintech and investing: The co-founder and CEO of Cohen Circle (and founder of The Bancorp ) and founder of Ellevest (and former CEO of Smith Barney, Citi wealth management and Merrill Lynch wealth management), shared their morning routines, their leadership styles and their takes on the future of fintech at an American Banker-hosted event during NY Fintech Week.
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