by Ken Chase | Feb 26, 2023 | Banks, News
Several major banks have reportedly decided to restrict the use of OpenAI’s ChatGPT chatbot by their employees, according to a report this week from Bloomberg. The banks are apparently concerned about an array of issues related to the technology, including concerns...
by Ken Chase | Feb 11, 2023 | Banks, News
Banking giant Wells Fargo has reportedly agreed to a $300 million settlement in a class action lawsuit related to the company’s alleged involvement in a collision protection insurance fraud scheme. The settlement was announced by Robbins Geller Rudman & Dowd LLP,...
by Ken Chase | Jan 26, 2023 | Banks, News
With Apple continuing its efforts to expand its operations into consumer banking services, several of the largest U.S. banks have reportedly come together to introduce a new digital wallet customers will be able to use for online shopping. Seven banks are involved in...
by Ken Chase | Jan 26, 2023 | Banks, Financial
Several of the largest banks in the United States are under increasing pressure to eliminate financing for so-called “fossil fuel” projects, according to a new report from Bloomberg. A recent statement from the Interfaith Center on Corporate Responsibility demands...
by Ken Chase | Jan 8, 2023 | Banks, News
6 Biggest U.S. Banks Enjoy First $1 Trillion Decade By: Ken Chase It seems like only yesterday that the U.S. banking industry was reeling from the aftermath of a financial crisis that saw them receive billions of dollars in bailout funds to prevent an industry-wide...
