How banks can adopt generative AI americanbanker.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from americanbanker.com Daily Mail and Mail on Sunday newspapers.
Progressive banks are wielding technology to transform their operations in a competitive environment amid economic turbulence. Faced with growing threats from cybercriminals and non-bank challengers, banks are upping their game by brandishing innovations such as AI and the metaverse while being mindful of the costs, risks and expectations.
In a filing on Friday, the lender said that Bank of America Corp reduced compensation for Chief Executive Officer Brian Moynihan by roughly 6% to $30 million for 2022.That compares with Moynihan’s total pay of $32 million for 2021.
Wall Street banks stockpile funds for possible recession, show resilience streetinsider.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from streetinsider.com Daily Mail and Mail on Sunday newspapers.
NEW YORK (Reuters) - Wall Street's biggest banks stockpiled more rainy-day funds to prepare for a possible recession ahead and reported weak investmen.