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Trading revenue of US banks reached $15.6 billion
Banks would lose nearly $685 billion in hypothetical scenario of extreme recession
Three-quarters of respondents expect AI to introduce more benefits than risks to central banks
The majority of consumer and commercial credit cards will migrate to Visa by 2026
Over three-quarters of customers who received financial advice acted on it
Firms seek to acquire $10 billion US student loan portfolio
Lack of uniformity between merger rules could prolong process, trade groups said
Women have played a pivotal role in shaping the future of artificial intelligence
NordLB due to withdraw from the aircraft financing business entirely
The fundamental review of the trading book will be delayed until January 2026
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Strategic Growth: How FI Execs Can
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Thursday, September 12, 2024, at 2:00 pm ET

As banks prioritize investments in both commercial and retail payments, with a significant portion planning to spend over $20 million, it's clear that payment modernization is at the forefront of industry strategy. However, legacy infrastructure remains a significant challenge.

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