Penny Crosman

When the Department of Justice investigated money laundering at TD Bank, it found emails and instant messages between employees about the criminal activity they and their colleagues were abetting.

Bank struggles, Trump's crypto plans and more news for investors to watch Banks are taking hits in the stock market as they use 2024 to restructure balance sheets and inflation slightly increased in November.

Jenius Bank, a digital-bank division of SMBC Manubank in Los Angeles, has grown from zero to more than $1 billion of assets in a year, with an almost completely remote team.

As banks navigate a landscape scarred by the Synapse bankruptcy, they need to build or buy the technical ability to reconcile accounts daily and vet any new fintech partners more thoroughly.

A lack of resources is one common cause of AML penalties, says consultant Aaron Ansari.

In June, Citigroup published a research report that predicted artificial intelligence will displace 54% of jobs in the banking industry, more than in any other sector.

Using generative AI comes with added risk. Beyond the normal risks of working with any vendor — Is the company sound and secure? Will it be around in five years?

Every year, U.S. Bank's innovation team goes to the Consumer Electronics Show in Las Vegas, to scope out new technologies, weird and wonderful, that

Organizations that represent Amazon, Apple, Meta, PayPal, OpenAI and many other large technology companies accuse the consumer watchdog, which has given itself authority over companies that facilitate at least 50 million consumer payment transactions per year, of regulatory overreach.

Two trade groups that represent large tech companies, TechNet and NetChoice, have sued the Consumer Financial Protection Bureau in the District of