A bank uses biased artificial intelligence outputs in a mortgage lending decision. An insurance firm’s AI produces racially homogeneous advertising...
financial institutions News
A new group of Wall Street firms has agreed to pay more than $81 million in civil penalties to settle...
Wells Fargo & Co. and BNP Paribas SA are among firms that will pay hundreds of millions of dollars in...
Financial firms that enforce strict return-to-office mandates could drive employees to leave, according to a study published Tuesday by accounting...
The Bank of England has launched its first system-wide liquidity ‘stress test’ to establish how big banks, insurers, clearing houses...
Wall Street’s main regulator is moving to introduce new rules for brokerages using artificial intelligence to interact with clients. The...
The SEC’s new lawsuit against Coinbase Global Inc. appears best positioned among cryptocurrency cases to let the US Supreme Court...
Silicon Valley Bank (SVB) on Monday was hit with what appears to be the first federal securities class-action lawsuit against...
Silicon Valley Bank customers will have access to their deposits starting on Monday, U.S. officials said on Sunday, as the...
The financial institution best known for its relationships with high-flying world technology startups and venture capital, Silicon Valley Bank, experienced...