Tag: banks
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RBI proposes guidelines for banks to manage AI risks
MUMBAI, June 24 : India’s central bank has proposed rules requiring banks to strengthen oversight of risks tied to AI and machine-learning models, mandating board-approved policies, stronger controls and model inventories. The Reserve Bank of India said banks must put in place a board-approved risk management
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Atlanta Fed pick emerges as key opportunity for Warsh to reshape the central bank
The Fed considered a former top Treasury official under President Trump for a role at the Atlanta reserve bank.
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Charlie Javice reportedly seeking a pardon from Trump
Javice founded a startup called Frank that JPMorgan acquired in 2021 for $175 million.
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Exclusive-US bank regulators ramp up scrutiny of AI use at financial companies
NEW YORK, June 12 : U.S. banking regulators are stepping up scrutiny of how lenders deploy artificial intelligence as the developing technology sweeps through the industry, pressing firms on everything from data access and governance controls to risks posed by third-party vendors, according to people familiar with t
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Citigroup shares outperform down market after Trump endorsement
Jane Fraser-led Citi fell 1%, less than the rest of the market and some other major banks, after Trump lauded its turnaround in a social media post.
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JPMorgan Chase plans to deploy more powerful AI agents this year
JPMorgan Chase’s move suggests long-running AI agents are close to clearing the security and governance hurdles that have slowed adoption inside big companies.
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Bidding war erupts for world’s oldest bank as Italy’s Intesa gatecrashes BPM offer
Intesa on Monday announced an unsolicited offer of $35.3 billion, hoping to usurp its rival and create Europe’s second-biggest bank by market capitalization.
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Morgan Stanley will soon open its trillion-dollar wealth management funnel to AI agents
Morgan Stanley’s move is one of the earliest instances of a major Wall Street bank opening its platforms to external AI tools.
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Who owns the billions in Germany’s dormant bank accounts?
Billions of euros sit untouched in dormant bank accounts in Germany. With heirs unaware and no central register in place, banks and politicians are debating who should ultimately control the money.
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