Goldman Sachs has introduced an AI assistant for its traders, bankers and asset managers. Marco Argenti, the bank’s chief information officer, tells CNBC in an interview published Tuesday (Jan. 21) that it’s part of a larger artificial intelligence (AI) program that will ultimately take on the traits of...
America’s biggest banks apparently have Donald Trump to thank for a successful quarter. Banking giants are set to report $31 billion in profits for the last three months of last year, fueled by a surge in trading and dealmaking following the U.S. presidential election, the...
Will 2025 bring about a revival in the initial public offering (IPO) market? As the Financial Times (FT) reported Sunday (Jan. 5), it’s a rebound Wall Street banks are preparing for, as private equity companies turn to the equities markets to offload some of their...
E-Trade, the online stock trading arm of Morgan Stanley, is reportedly considering adding cryptocurrency trading. The move would make E-Trade one of the largest mainstream financial firms to offer crypto trading, The Information reported Thursday (Jan. 2). E-Trade is considering doing so because it expects...
July 25, 2023
Generative artificial intelligence (AI) has quickly become one of the most important topics of our time, and global banks are beginning to explore the possibilities of the technology so as not to miss out on the impact it is poised to have on the financial services sector. Citi CEO Jane Fraser recently expressed the importance of banks […]
February 24, 2020
Two deals this past week shone a spotlight on the lure of financial services — done digitally — and the “build vs. buy” debate, settled firmly on the side of...
April 15, 2019
Shadow banking now has $52 trillion in assets under its belt. FinTech firms are crowding financial services’ flanks, looking for customers who crave mobile means of managing their financial lives....
August 16, 2017
Urban FT has launched a bid for struggling mobile money firm Digiliti. To get a sense of the strategy behind the deal, Karen Webster got an exclusive first look with Urban FT's CEO Richard Steggall about...
April 22, 2025
Consumers’ perception of Apple’s artificial intelligence (AI) platform is more favorable than that of investors, Morgan Stanley said in a research note released Tuesday (April 22). In the note, which the company provided to PYMNTS, Morgan Stanley said it found that the Apple Intelligence platform has been downloaded and engaged with by 80% of eligible […]
January 21, 2025
Goldman Sachs has introduced an AI assistant for its traders, bankers and asset managers. Marco Argenti, the bank’s chief information officer, tells CNBC in an interview published Tuesday (Jan. 21) that it’s part...
January 13, 2025
America’s biggest banks apparently have Donald Trump to thank for a successful quarter. Banking giants are set to report $31 billion in profits for the last three months of last...
January 05, 2025
Will 2025 bring about a revival in the initial public offering (IPO) market? As the Financial Times (FT) reported Sunday (Jan. 5), it’s a rebound Wall Street banks are preparing...
