Tag: banks
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India’s largest private lender HDFC Bank sees shares rise after CEO announces surprise exit
Shares of HDFC Bank were up even as the company’s chief executive officer made a surprise announcement to not seek reappointment.
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U.S. plans to sanction another bank in effort to clamp down on Iran transactions: Bessent
Bessent’s campaign means to push countries that still do business with Iran to sever their financial ties or face retaliation from the U.S.
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Mark Walter’s insurer Delaware Life sees two banks pause sale of its products amid probes
Walter’s holding company earlier in the week said “there has been no fraud” at Delaware Life and its affiliated company, Clear Spring Life and Annuity.
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Treasury moves to sanction UAE branch of Egyptian bank over Iran ties
Banque Misr UAE processed about $1.8 billion over two years for some 100 companies that are potentially part of Iran’s shadow banking network, Treasury said.
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Goldman Sachs partner warns of ‘huge danger’ in letting AI replace bankers’ reasoning skills
Goldman Sachs is embracing AI, but one of its senior tech leaders warns that it comes with an unintended risk: weakening the reasoning skills of future bankers.
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Wells Fargo and Citigroup have room to buy a big bank. These 5 regionals fit the bill
Citigroup and Wells Fargo have room to buy a big regional bank as regulators have opened the door to megadeals. Five regional banks make sense as targets.
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Trump admin taps former JPMorgan Chase exec Matt Zames to advise Social Security agency
Matt Zames is taking an unpaid position to help his former JPMorgan colleague Frank Bisignano tackle modernization of the SSA, CNBC has learned.
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Synchrony, credit card issuer to Amazon and Walmart, partners with OpenAI for ChatGPT shopping
Maran Nalluswami, Synchrony’s chief strategy officer, told CNBC it will probably take six to 12 months to get payments fully integrated into ChatGPT.
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Credit card issuer Synchrony announces partnership with OpenAI
The collaboration, which is in its early stages, is a step toward enabling Synchrony customers to have smoother online shopping experiences.
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Secret outperformer: Dispelling the ‘myths’ about an unloved stock market
European markets fly under the radar when compared with larger and more liquid U.S. markets, but Goldman Sachs offered to dispel some of the myths them.
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