News
The banker is coming back, and AI is the reason
2+ hour, 4+ min ago (842+ words) Rather than stripping the human out of banking, Jouk Pleiter explains why AI gives institutions the opportunity to put them back to enable a return to an increasingly relationship led approach to banking JPMorgan Chase is raising its 2026 technology budget…...
Banks rake in big profits as both Wall Street and the US consumer stay strong
1+ hour, 40+ min ago (891+ words) It marks the second straight quarter of strong results from the banks, which have benefited from market volatility since the Iran war began in late February. Both consumer-facing and market-focused banks reported revenue and profit growth that beat even the…...
More than five million homeowners face higher mortgages, says Bank of England - AOL
6+ hour, 35+ min ago (287+ words) More than five million British homeowners are facing higher mortgage bills when they renew after pressure linked to the Iran war, the Bank of England has warned. It means around a million more homeowners are set to face higher payments…...
Dr Richard Wemesa: The Former dfcu Banker Building Value from Every Harvest
11+ hour, 2+ min ago (584+ words) ChimpReports Uganda's agricultural sector is increasingly looking beyond production towards value addition, processing and stronger agricultural value chains As farmers contend with fluctuating commodity prices, post-harvest losses and rising operating costs, commercial agriculture is becoming less about what is harvested…...
Loan sharking victims plead for justice
11+ hour, 11+ min ago (379+ words) BARA, July 14: A woman affected by loan sharking appealed directly to Home Minister Sudan Gurung for justice, saying predatory lending had cost her both her husband and her land. Thakur recounted that when her husband, Bhogendra Thakur, demanded the land…...
Startups to get up to Tk 5cr loans without collateral
3+ hour, 34+ min ago (54+ words) Bangladesh Post Startups to get up to Tk 5cr loans without collateral Prime Minister Tarique Rahman on Tuesday announced a collateral-free financing scheme for young startup entrepreneurs, offering loans ranging from Tk 5 lakh to Tk 5 crore to support innovative business ventures....
HSBC debanked me after I spent £36 in Ukraine on an aid visit
9+ hour, 10+ min ago (15+ words) The Times...
Scam Alert: VPD Deputy Chief will never ask for your banking information
1+ hour, 27+ min ago (165+ words) THE Vancouver Police Department is warning the public about a sophisticated fraud scheme in which scammers are impersonating both financial institution investigators and senior police officers to convince victims to transfer large sums of money. In a recent incident, a…...
Is complexity becoming banking’s biggest risk?
2+ hour, 5+ min ago (818+ words) Every bank talks about managing risk.Credit risk. Cyber risk. Fraud risk. Conduct risk. Technology risk. Third-party risk. But what if one of the largest risks facing modern banking is not sitting neatly inside any of those categories? What if…...
Jamie Dimon says AI already reduced jobs in some areas by 40% — but it's not making JPM dramatically cheaper to run
6+ hour, 41+ min ago (340+ words) JPMorgan has been able to cut jobs by as much as 40% in some parts of the bank thanks to AI, CEO Jamie Dimon said Tuesday.But investors hoping the technology will dramatically cut the bank's profit margins are likely to…...