Banks want US consumer regulator back to undo rules they loathe
Financial companies were rarely shy about their issues with the Consumer Financial Protection Bureau. But a largely shuttered consumer watchdog...
Wall Street flags new AI risks from hallucinations, criminal use
Goldman Sachs Group Inc., Citigroup Inc., JPMorgan Chase & Co. and other Wall Street firms are warning investors about new...
Barclays’ £7.5 million bill joins growing list of bank IT issues
Barclays Plc’s recent outage was just the latest in a series of issues in banking technology, with customers of major...
American Express to acquire expense-management company center
American Express Co. agreed to buy the expense-management software company Center to augment the services it offers small businesses. Center...
CFPB drops lawsuit against US banks over alleged fraud on Zelle
The Consumer Financial Protection Bureau dismissed another Biden-era lawsuit, this one targeting some of the world’s largest banks for allegedly...
CFPB Drops Biden Lawsuits Against Capital One, Rocket Unit
The Consumer Financial Protection Bureau dropped a slew of Biden-era lawsuits against lenders as the nominee to lead the agency...
DBS CEO sees job cuts of 4,000 temp staff as AI replaces roles
DBS Group Holdings Ltd. plans to cut around 4,000 of its contract and temporary staff workforce over the next three...
Capital One, Discover shareholders approve $35B merger
Capital One Financial Corp. and Discover Financial Services shareholders voted in favor of the planned $35 billion merger of the...
Sensitive bank data set for deletion in CFPB purge, ex-aide says
The former chief technologist of the Consumer Financial Protection Bureau alleged in a legal filing that the Trump administration is...
Trump deregulation to speed bank consolidation, Bob Diamond says
Atlas Merchant Capital LLC. Chief Executive Officer Bob Diamond said the regulatory environment under President Donald Trump’s administration will support...
