20 U.S. banks with the most construction loans
The top five banks have combined construction loans of more than $71 billion.
Fed’s Bowman: Regulators ‘must have an openness’ to AI
While the risks, benefits and magnitude of artificial intelligence's impact on financial services remain unclear, agencies should keep an open mind toward the technology and avoid reflexive risk aversion in bank supervision, Federal Reserve Gov. Michelle Bowman said.
Ally Financial weighs sale of credit card business
A sale would mark a swift retreat from the intensely competitive credit card business, where Ally competes with giant players such as Capital One.
Fed: Elevated asset valuations could threaten financial stability
In its latest financial stability report, the Federal Reserve warned high equity valuations and low levels of liquidity could leave the financial system vulnerable to shocks.