‘It’s a frenzy’: JPMorgan Chase, Capital One dominate AI arms race
The banks top a list of the largest banks in terms of AI talent, innovation and leadership.
At banks, generative AI helps novices, not skilled workers
Pilots of the technology show it can produce double-digit productivity improvements. But among experienced staff, it can have a negative impact.
FDIC to meet minimum deposit insurance fund ratio sooner than expected
The Federal Deposit Insurance Corp. projected its Deposit Insurance Fund reserve ratio is expected to reach the statutory minimum of 1.35% by 2026 thanks to slower-than-expected insured deposit growth and a $7.5 billion increase in the DIF balance.
Banks’ CRE concentrations aren’t necessarily a sign of excessive risk
There is a tendency to assume that banks carrying a large commercial real estate loan portfolio need to diversify. But that ignores the fact that many of those institutions have much deeper knowledge of the market than their critics.