Banks are diving into AI, and it's a big deal. For the third year, it's the hottest trend in finance. But it's not all smooth sailing. AI brings both benefits and risks. On one hand, it boosts efficiency and improves customer service. On the other, it opens doors to fraud, deepfakes, and voice cloni
U. S. Bancorp, a bank based in Minneapolis, is making a big move. They are buying BTIG, a smaller investment bank backed by Goldman Sachs, for up to $1 billion. This deal is part of a bigger trend. Regional banks from the Midwest are taking a bigger slice of the investment banking pie. U. S. Bancor
Trump is suing JPMorgan for a huge amount of money. He says the bank closed his accounts because of politics. The bank says it's not true. Who's right? Trump claims JPMorgan closed his accounts because of his political views. He says this is unfair and against the law. He also says the bank spread
Big banks are finally waking up to crypto. They see it as a big deal, maybe even a threat to their business. This is what the head of Coinbase, Brian Armstrong, shared after a big meeting in Davos. He didn't name names, but he said a top boss from one of the world's biggest banks told him crypto is
In a bold move, former US President Donald Trump has taken legal action against JPMorgan Chase and its CEO, Jamie Dimon, demanding a hefty sum of $5 billion. The lawsuit, filed by Trump's legal representative, Alejandro Brito, claims that JPMorgan ended its banking services with Trump following the
Capital One's acquisition of Brex for $5. 15 billion is a big deal. It shows that banks are now realizing they can't ignore fintech companies. These fintech startups are growing fast and becoming very important. They offer services that banks want to have. Fintech companies are getting a lot of mon
A bank in Pennsylvania recently won a partial victory in its fight for a tax refund. The state's Board of Finance and Revenue (BFR) decided to give back some of the sales and use taxes the bank had paid. The bank had asked for a refund on several things, including landscaping, security gear, buildin
Jamie Dimon, the CEO of JPMorgan Chase, recently shared his thoughts on President Trump's proposal to cap credit card interest rates at 10%. He suggested testing this idea in Vermont and Massachusetts. He brought this up at the World Economic Forum in Davos, Switzerland. Dimon believes that a natio
Donald Trump recently took to social media to express his frustration with Jamie Dimon, the CEO of JPMorgan Chase. Trump claimed that a Wall Street Journal article falsely stated he had offered Dimon a job as the Federal Reserve Chairman. He denied this claim and announced plans to sue JPMorgan Chas
Industry, the popular HBO drama, has captivated audiences with its gritty portrayal of the finance world. Premiering in November 2020, the show gained even more traction during its third season in August 2024. Now, with season 4 set to air on January 11, fans are eager to see what's next. The show'
