FDIC softened stance toward troubled bank, postmortem finds
The agency had been on the verge of downgrading Philadelphia-based Republic First Bancorp’s CAMELS rating to the lowest level but opted for a less severe remedy after a November 2020 visit.
Inside BNY’s plans to upgrade Eliza, its generative AI platform
The 2.0 version, expected to launch next year, will provide more detailed responses based on more complex, humanlike thought processes.
Truist commits $725 million to help Western N.C. rebuild after Helene
The North Carolina-based bank rolled out a multiyear program to provide loans, investments and philanthropic support to communities in the western part of the state.
Finastra client files stolen in data breach
The breach, which occurred earlier in November, did not directly impact customer operations, but a threat actor stole data meant for customers.