Consumer banking exec leaves Truist amid management shakeup
Truist Financial‘s chief consumer and small business banking officer, Donta Wilson, is leaving the bank as Chief Executive Mike Lyons ...
Tag: earnings
AI helps improve U.S. Bank’s efficiency ratio to 55.9%
AI programs for internal workflow and customer-facing processes increased U.S. Bank‘s efficiency in the third quarter. “Productivity initiatives, including from ...
BNY not spending ‘calories’ calculating ROI of AI
BNY is not fretting about calculating the ROI of its AI investments. “AI is a catalyst for transformational change, and ...
Morgan Stanley’s AI investment portfolio ‘double overweight’ after Q3
Morgan Stanley’s wealth management business swelled to a record high in the third quarter as AI-related investments remain a priority. ...
Bank of America ordered to pay $1.2B penalty for AML violations
Less than a day before Bank of America was set to report its third-quarter earnings, the U.S. Department of the ...
Bank of America reports 50M-plus active digital users
Digital adoption for Bank of America consumers reached new highs in the third quarter with more than 50 million active ...
AI simplifying processes at State Street
State Street is leaning on AI to simplify the bank’s internal processes and transform the bank into a tech-advanced organization. ...
Wells Fargo deploys AI agents to identify cyber vulnerabilities
Wells Fargo remains focused on AI investments as it deploys the tech in IT, wealth management, cybersecurity, underwriting and customer ...
Analyst must ‘squint’ to see JPM’s Q3 AI benefits
JPMorgan took first place as the most advanced bank in AI on the Evident AI Index, published Oct. 6. But ...
Goldman Sachs expects to play large role in AI investment
Amid strong growth in AI infrastructure investment, Goldman Sachs Chief Executive David Solomon said the company is poised to play ...
