TD CEO Bharat Masrani to retire amid AML compliance woes
Masrani, who’s been at the helm of the Toronto-based bank for a decade, will pass the torch to Raymond Chun next spring. Chun currently serves as TD’s head of Canadian personal banking.
Can banks trust large language models?
A prominent AI expert says the risk of hallucination and error can never be completely eliminated. Experts at BBVA and Celent say those risks can be mitigated.
Biden stresses Fed independence after interest rate cut
President Joe Biden, in a speech emphasizing the progress made on the economy during his administration, said that he's never called Federal Reserve Chairman Jerome Powell during his time as president.
Yotta accuses Evolve of ‘grotesque misconduct’ in Synapse collapse
Fintech app Yotta filed a lawsuit against partner bank Evolve, arguing that it conspired with Synapse to misuse customer funds.