Morgan Stanley and Goldman Sachs are focused on providing financing for the current AI development boom — as well as developing the tech for themselves to make operations more efficient.  “Each major tech cycle has produced ...

PayPal Holdings Inc. has been working with advisers to review strategic options, people familiar with the matter said, as Stripe ...

Smaller deals involving regional banks and wealth managers are driving acquisitions in the financial services industry, according to a clutch ...

Citi is seeing high adoption as it deploys AI in nearly all its operations and expects the tech to drive productivity gains.  Citi has brought products including its Payment Express solution and Citi Wealth Advisor Insights platform to market faster because of AI, Chief Executive Jane Fraser said today ...

In its efforts to increase efficiency and reduce headcount, Wells Fargo continues to invest in AI and in the second ...

Bank of America’s AI investments are bearing fruit as its operating leverage surged well above its full-year goal in the ...

JP Morgan Chase & Co. plans to continue its investments in AI while being cognizant of market cycles and a potential slowdown in the industry.  “AI ...

New York has become the first state to issue a moratorium on new hyperscale data centers as localities across the ...

International Business Machines Corp. shares slid after the company reported preliminary second-quarter sales that fell short of expectations, attributing the ...

IBM is laying the groundwork for the convergence of AI and quantum computing in financial services by optimizing hybrid algorithms.   The tech giant says that ...