March 22, 2023
AI Wave Complicates EU’s Regulation Efforts
New advances in artificial intelligence have reportedly made efforts to regulate the technology more difficult. At least that’s the case in the European Union, where the rise of generative artificial...
March 22, 2023
AI Wave Complicates EU’s Regulation Efforts
New advances in artificial intelligence have reportedly made efforts to regulate the technology more difficult. At least that’s the case in the European Union, where the rise of generative artificial...
March 22, 2023
First Republic Seeks Outside Help As Depositors Withdraw $70 Billion
Struggling lender First Republic Bank is reportedly seeking outside help to remain in business. The bank has hired financial advisor Lazard Ltd. to assist with a review of its options,...
March 21, 2023
Generative AI Helps Firms Take Aim at Legacy Cost Centers
As large language models (LLMs) like ChatGPT keep growing, enterprise headcounts might start shrinking. This, as a new paper from OpenAI researchers estimated that the potential implications of generative pre-trained...
March 21, 2023
Yellen: US Will Back Small Banks to Fend off ‘Contagion’
According to U.S. Treasury Secretary Janet Yellen, the government may not be done taking dramatic measures to protect banks. Speaking at the American Bankers Association summit Tuesday (March 21) Yellen...
March 20, 2023
JPMorgan and Other Banks Reportedly Eye Expanding First Republic Support
Big banks are reportedly considering expanding their efforts to support First Republic Bank. After 11 banks deposited $30 billion into the bank Thursday (March 16), they are now considering other options...
March 20, 2023
PYMNTS Intelligence: How Organizations Deliver on Faster Payments
Real-time payments have reached unprecedented levels of demand over the past five years, yet they are still available to just a small number of businesses and consumers. Studies have found...
March 19, 2023
UBS Will Pay $3 Billion For Credit Suisse
Swiss banking giant UBS will purchase struggling rival Credit Suisse in a $3 billion government-supported deal. Switzerland’s central bank announced the takeover Sunday (March 19), saying the move would restore confidence in the financial system after nine...
March 19, 2023
UBS Will Pay $3 Billion for Credit Suisse
Swiss banking giant UBS will purchase struggling rival Credit Suisse in a $3 billion government-supported deal. Switzerland’s central bank announced the takeover Sunday (March 19), saying the move would restore...
