May 8, 2025
| Today’s news and insights for banking industry leaders
A similar resolution pending in the House would reverse a rule toughening the approval process – just as opponents of the Capital One-Discover deal say the green light came too easily.
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“If CDFIs follow their statutory obligations and do not digress into more ideological boundaries ... they can be important institutions,” the Treasury secretary told legislators Wednesday.
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Bonuses in equity underwriting are predicted to plunge up to 20% as firms in the initial public offering market take a “wait and see” approach, Johnson Associates said.
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Businesses are experimenting with generative AI tools, from customer-facing chatbots to agent-facing copilots. Explore where they see their investments paying off in
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The investment fintech, targeting a $4 billion valuation, is expected to launch on the Nasdaq index May 14.
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House Democrats’ walkout blocked the hearing from taking place. They cited concerns over the president’s and his family’s ties to digital asset businesses.
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The Senate Banking Committee voted 13-11 along party lines to pass the nomination to the full chamber. A key Democrat reiterated her concerns over Bowman’s stance on tariffs, mergers and climate.
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Since the advent of ChatGPT, several banks are charging ahead to take primacy in harnessing the burgeoning technology. Explore the use cases of AI and ML in banking in this Trendline.
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