MBA taps industry vet Robert Broeksmit to succeed David Stevens as CEO

06/07/18

Robert Broeksmit, a career mortgage industry executive, will succeed David Stevens as the president and CEO of the Mortgage Bankers Association.

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Dimon, Buffett urge CEOs to end quarterly earnings forecasts

06/07/18

Warren Buffett and Jamie Dimon are doubling down on their plea for corporations to stop providing quarterly earnings guidance.

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Acquisition to further expand First Midwest's reach in Chicago suburbs

06/07/18

First Midwest Bancorp has agreed to buy Northern States Financial in Waukegan, Ill., for $91 million.

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How new IBM partnership could speed AI

06/07/18

A popular AI open-source platform with bank investors is being combined with IBM hardware and Nvidia processors in the hopes of creating high-speed, “driverless” AI.

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CFPB fires advisory board members; Goldman goes to ‘war’

06/07/18

Agency says it wants “smaller memberships to ensure streamlined discussions;” the bank hired a U.K. firm to help it better defend against cyberattacks.

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Banks grapple with the human side of technological advancement

06/06/18

At American Banker’s Digital Banking conference in Austin, industry leaders grappled with philosophical questions about artificial intelligence and the rapidly evolving expectations of customers.

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Public deserves to know results of OCC sales practices inquiry

06/06/18

The agency has no plans to release general findings from an extensive review of sales practices at large and midsized banks. That's troublesome, and will only fuel the perception that it is too cozy with the institutions it regulates.

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Citizens recruits a career coach from IBM’s AI lab

06/06/18

Ctizens Financial Group is partnering with IBM to develop a virtual career coach that will use artificial intelligence to help employees set career goals and determine what kind of training they need to develop new skills.

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CFPB reform roadblock: Too many commenting deadlines

06/06/18

With comment periods quickly closing, responding to the agency’s abundant requests for information is proving a logistical hassle for the industry and consumer advocates.

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Mulvaney makes it official, fires CFPB advisory board members

06/06/18

The Consumer Financial Protection Bureau fired all 25 members of the agency's Consumer Advisory Board during a conference call Wednesday, saying it wanted to bring in more diverse views.

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