The rapid adoption of algorithmic decision-making in UK banks has created a critical lag in oversight and accountability structures, leaving institutions exposed to risks that traditional governance models are ill-equipped to manage.
Cullen/Frost Bankers Inc., the parent of Texas-based Frost Bank, has elected Marsha M. Shields, leader of the Red McCombs family enterprises, and former Ernst & Young managing partner Jeff Rummel to its board, as longtime director Dr. Chris Avery prepares to retire.
As regulatory scrutiny intensifies and the ESG debate evolves, major banks and wealth managers are turning to pass-through voting mechanisms to reassert shareholder influence and align investment stewardship with client values.
Facing pressure from both investors and regulators, banks and wealth managers are turning to pass-through voting mechanisms to reclaim shareholder influence and align stewardship with client values, even within passively managed funds.
Bahrain's Tarabut, a regulated open banking platform, acquires AI engineering specialist Servable to embed advanced financial AI capabilities—from risk assessment to fraud detection—directly into its infrastructure for banks and fintechs across the Middle East.
The U.S. Office of the Comptroller of the Currency has granted Nubank conditional approval to establish a national bank, a significant step that could see the digital banking leader offer federally regulated crypto custody alongside traditional banking products in the United States.
Following a robust Q4 earnings beat, IBM's strategic focus on hybrid cloud, AI, and quantum computing earns a price target upgrade from Bank of America, with analysts citing improved growth and free cash flow trajectory.
For the second year running, a Chicago financial institution has become the nation's first bank failure. Regulators shuttered Metropolitan Capital Bank & Trust on Friday, citing unsafe practices and depleted capital. The FDIC facilitated a swift takeover by Detroit's First Independence Bank, ensuring depositors are protected.
Fifth Third Bancorp has finalized its acquisition of Comerica Incorporated, a move that consolidates the Midwest banking landscape and creates the nation's ninth-largest bank with nearly $300 billion in assets.
Bank of America's stock has retreated roughly 5% over the past month, trading below key fair value estimates. Analysts are divided on whether this presents a value entry point or reflects growing market apprehension about interest margins and credit quality.
A new Deloitte report urges enterprises to embed accountability and oversight from the start, arguing that governance is not a barrier but an accelerator for scaling autonomous AI systems.
Major European neobanks like Revolut, Monzo, and bunq are renewing their push for a U.S. banking license, betting on regulatory shifts and market potential. Yet, the path is fraught with complexity, geopolitical uncertainty, and fierce competition.
Regional banks like Fifth Third are betting on a historic profit surge if Kevin Warsh reshapes the Fed. But Wall Street warns his ambitious plan to slash rates and shrink the balance sheet faces fierce internal and political headwinds, threatening market stability.
Primrose Candy Co., an Illinois-based confectioner with roots stretching back to the Great Depression, has filed for Chapter 11 bankruptcy, citing mounting debts, rising costs, and shifting consumer tastes that have eroded its once-stable business.
As major indices hold steady amid market volatility, a closer look reveals resilient small-cap banks with strong fundamentals trading at a discount. We analyze three community-focused institutions that may offer investors a compelling opportunity.
A record number of individuals and businesses found themselves locked out of their bank accounts last year. We examine the opaque reasons behind 'debanking', the immediate steps to take if it happens to you, and the new rules offering a glimmer of transparency.
Once a dominant force in Russia's crypto mining sector, BitRiver is now under court-ordered bankruptcy monitoring amid a cascade of financial and legal woes, including massive unpaid power bills and a criminal case against its founder.
Senior executives from the cryptocurrency and traditional banking sectors are set to meet with White House officials this week, as policymakers seek to bridge a critical divide over stablecoin regulations following a sharp market downturn.
Amid a flurry of bank mergers and acquisitions reshaping Texas, San Antonio-based Frost Bank is doubling down on its organic growth strategy. CEO Phil Green asserts the bank has "zero interest" in M&A, positioning itself to win customers dislocated by industry upheaval.
Huntington Bancshares has finalized its merger with Cadence Bank, a move that significantly extends its regional footprint into Texas and the Southern U.S. and reshapes its competitive standing.
