Congress turns back to banking in Trump’s Washington
A matchup of Sens. Tim Scott, R-S.C. and Elizabeth Warren, D-Mass., atop the Senate Banking Committee could usher in a new era of bank policymaking in the next Congress.
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.