OpenAI ousts Sam Altman; Chase discloses carbon emissions
A convicted Goldman executive seeks to lower his legal bills, OpenAI’s board has ousted its founder and CEO and several bank leaders are taking on new roles.
Synchrony sells pet insurance unit, cashing in on pandemic-era boom
Synchrony Financial bought Pets Best ahead of a pandemic-driven boom in the pet insurance business. Now it's selling the subsidiary for a $750 million after-tax gain.
Conforming loan limit boosted 5% by FHFA
The hike was driven by modest home price gains this year, following a larger conforming loan limit boost in 2022 in reaction to then-double-digit home price growth.
Fed’s Barr: CRA update gives banks more ways to engage indigenous tribes
The Federal Reserve's vice chair for supervision said new definitions around community development activities and the ability for banks to invest outside their immediate assessment areas could be a boon to Native Americans and their communities.