Capital One seeks to offload more NYC commercial-property loans
Banks have been working to sell portfolios of commercial-property debt as they seek to manage their exposure to the sector. Soaring borrowing costs have weighed on valuations, with commercial real estate prices slumping 16% in September from a peak in March 2022, according to real estate analytics firm Green Street.
How one bank uses generative AI to fight domestic abuse
Commonwealth Bank of Australia has developed an advanced artificial intelligence tool that can spot harassment in transaction messages.
FedNow is a huge improvement in payments, but it could be better still
FedNow will transform payments in the U.S., but its adoption might speed up if the Fed adopts some of the strategies Brazil used to roll out its Pix platform.
Credit Suisse reinstates independent overseer for Nazi-account probe
Barofsky, a former inspector general of the Troubled Asset Relief Program and frequent Wall Street critic, was removed as ombudsman by Credit Suisse in November 2022.