Cryptocurrency ‘pig butchering’ scam wrecks Kansas bank, sends ex-CEO to prison for 24 years
The former CEO of a small Kansas bank was sentenced to more than 24 years in prison for looting the…
UBS CEO says it’s too early to talk about a U.S. recession, but a slowdown is possible
ZURICH, Switzerland ꟷ UBS CEO Sergio Ermotti said Wednesday that market volatility could intensify in the second half of the…
JPMorgan Chase is giving its employees an AI assistant powered by ChatGPT maker OpenAI
JPMorgan Chase has rolled out a generative artificial intelligence assistant to tens of thousands of its employees in recent weeks,…
Italy looks like fertile ground for a mega merger deal in banking
MILAN, Italy — European policymakers have longed for bigger banks across the continent. And Italy might be about to give…
Banks face tough new security standards in the EU — their tech suppliers are under scrutiny, too
Financial services companies and their digital technology suppliers are under intense pressure to achieve compliance with strict new rules from…
Jamie Dimon says he still sees a recession on the horizon
JPMorgan Chase CEO Jamie Dimon said Wednesday he still believes that the odds of a “soft landing” for the U.S.…
JPMorgan Chase is opening more small-town branches in middle America
Three years ago, JPMorgan Chase became the first bank with a branch in all 48 contiguous states. Now, the firm…
Morgan Stanley tells wealth advisors they can pitch bitcoin ETFs in a first for a big bank
Morgan Stanley on Friday told its army of financial advisors that it will soon allow them to offer bitcoin ETFs…
This AI-powered financial advisor has quickly gained $20 billion in assets
An automated financial advisor called PortfolioPilot has quickly gained $20 billion in assets in a possible preview of how disruptive…
Berkshire Hathaway dumps $2.3 billion of Bank of America shares in a 6-day sale
Berkshire Hathaway dumped more Bank of America shares this week, making it six straight trading days that Warren Buffett’s conglomerate…
