Truist Bank expects to continue investing in technology to save money as it restructures. “We continue to see improvements in productivity due to investments in technology,” Chief Executive William Rogers said today during Truist’s first-quarter earnings call. In the short...
Stay informed with free updatesSimply sign up to the US financial regulation myFT Digest -- delivered directly to your inbox.The US Federal Deposit Insurance Corporation is working on proposals aimed at ensuring asset managers do not seek too much influence...
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.The global banking regulator has held high-level meetings with bank executives, investors and credit rating agencies in recent weeks to assess the...
Stay informed with free updatesSimply sign up to the European banks myFT Digest -- delivered directly to your inbox.Ireland’s AIB believes it could be fully back in private hands in 2025, as a buyback next month prepares to reduce the...
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Singapore has given international banks an unusual series of top-level briefings on geopolitics as it seeks to reassure them that the financial...
Fifth Third Bank saved $15 million in the first quarter, partly driven by deploying automation throughout its operations. “Expenses are well controlled … driven by savings realized through process automation and our focus on value streams,” Chief Executive Tim Spence...
Huntington Bancshares joined mega-banks in growing digital adoption during the first quarter, citing increases in digital and mobile usership and in digital logins. During the quarter, Bank of America, Citizens Financial Group, JPMorgan Chase and Wells Fargo all reported digital usership...
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.This article is an on-site version of The Lex Newsletter. Premium subscribers can sign up here to get the newsletter delivered every...
For all the excitement over artificial intelligence, I’d wager that most investors would struggle to identify many sectors where there is hard financial evidence of it helping businesses boost sales or improve margins. But in fintech, the benefits are becoming plain...
Stay informed with free updatesSimply sign up to the Currencies myFT Digest -- delivered directly to your inbox.Ruurd Brouwer is the chief executive of TCX, and Barry Eichengreen is professor of economics and political science at the University of California,...
