Federal Reserve says all 31 banks in annual stress test withstood a severe hypothetical downturn
The Federal Reserve said Wednesday that the biggest banks operating in the U.S. would be able to withstand a severe…
Morgan Stanley wealth advisors are about to get an OpenAI-powered assistant to do their grunt work
Morgan Stanley is pushing further into its adoption of artificial intelligence with a new assistant that is expected to take…
Regulators hit Citigroup, JPMorgan Chase, Goldman Sachs and Bank of America over living will plans
Banking regulators on Friday disclosed that they found weaknesses in the resolution plans of four of the eight largest American…
Nearly $109 million in deposits held for fintech Yotta’s customers vanished in Synapse collapse, bank says
Ledgers of the failed fintech middleman Synapse show that nearly all the deposits held for customers of the banking app…
Switzerland makes second interest rate cut as major economies diverge on monetary policy easing
The Swiss National Bank on Thursday trimmed its key interest rate by 25 basis points to 1.25%, continuing cuts at…
Klarna rival Zilch raises $125 million with aim to triple sales and accelerate path to IPO
LONDON — British fintech firm Zilch said Wednesday it’s raised $125 million in debt financing from German banking giant Deutsche…
Sen. Warren warns Powell against weakening banking regulations: ‘Do your job’
Sen. Elizabeth Warren, D-Mass., is accusing Federal Reserve Chair Jerome Powell of doing the financial industry’s bidding by considering changes…
Fintech has hit a bottom after plunge in valuations and squeeze on funding, execs and VCs say
AMSTERDAM — The financial technology industry is embracing a new normal — with some industry executives and investors believing the…
Robotics startup cofounded by Synapse CEO is raising funds with exaggerated claims about GM ties
A humanoid robotics startup cofounded by the CEO of bankrupt fintech firm Synapse has canvassed Silicon Valley investors for funds…
