Investment

U.S. commercial banks and savings banks have reduced employment by nearly 81,000 since the first quarter of 2023, including a net loss of 7,463 positions during the third quarter of this year, according to a new report from KRBA Financial Intelligence. Big banks, which have been embracing artificial intelligence, were big contributors to the decline.

Saul Van Beurden, Wells Fargo's consumer banking CEO and former head of technology, will lead the way on harnessing artificial intelligence.

Noelle Acheson looks at recent proposals to allow payment institutions access to central bank liquidity, and what this could mean for both banking and economic resilience.

Regulators officially ended the high-profile enforcement action over the 2020 breach, a move applauded by security leaders fearing personal liability.

Investigators found text messages, photos of cash and a conspirator wearing a diamond Truist logo ring while unraveling the $1 million fraud attempt.

Reskilling and giving AI the boring work are two approaches banks take to making agentic AI palatable to workers who may fear that bots will take their jobs.

Federal Reserve Gov. Lisa Cook, citing several studies, outlined her concerns Thursday that generative AI could be used to manipulate markets, and regulators have not yet thought through how to police such activity.

Noelle Acheson explains the significant differences between tokenized deposits and deposit tokens, and why it matters for the future of banking and payments.

Kunal Mehta, also known by the alias "Shrek," used shell companies and bulk cash drops to clean millions for a cybercrime ring that stole $263 million.

A "spike in unusual traffic" caused service degradation for the infrastructure giant, disrupting digital banking for customers.