Banks outpace regulators on AI adoption, report finds
Financial regulators are trailing banks and other financial firms in adopting artificial intelligence, even as concerns mount over how the…
29 Apr 2026
JPMorgan Chase becomes first global banking partner of Olympic Games
JPMorgan Chase has agreed a new deal with the International Olympic Committee, becoming the Olympic Games’ first Global Banking Partner. The arrangement covers the Los Angeles 2028 Olympic and Paralympic…
28 Apr 2026
OCC grants conditional approval for Mercury to set up Mercury Bank, N.A.
US fintech company Mercury has received conditional approval from the Office of the Comptroller of the Currency (OCC) to establish Mercury Bank, N.A. The move places the company into the…
28 Apr 2026
Customers Bank broadens OpenAI collaboration to automate lending and onboarding
Customers Bank, a subsidiary of Customers Bancorp, has agreed a multiyear strategic collaboration with OpenAI aimed at automating parts of lending and customer onboarding. The US-based bank said it will…
27 Apr 2026
BaFin orders UniCredit to stop “unobjective” ads targeting Commerzbank
Germany’s financial watchdog BaFin has instructed UniCredit to stop running advertising it judged to be “unobjective” in relation to its takeover approach for Commerzbank. The move comes during a prolonged…
27 Apr 2026
India’s central bank revokes Paytm Payments Bank permit
The Reserve Bank of India has withdrawn the banking permit granted to Paytm Payments Bank, effective 24 April 2026. As a result, Paytm Payments Bank must immediately cease carrying on the business of “banking” as…
24 Apr 2026
Commonwealth Bank to cut 119 jobs across Australia
Commonwealth Bank of Australia is set to remove another 119 positions in Australia, with the Finance Sector Union saying half a dozen of those roles linked to automation. The union said 43 of…