Dive Deposits: Jefferies execs go on damage control over First Brands

The bank’s CEO and president distanced their company from the bankrupt auto parts supplier and emphasized Jefferies’ liquidity, assets and a burgeoning partnership ahead of its investor day Thursday.

Fed’s Bowman, community bank CEOs press for tailoring

The central bank governor espoused adjusting asset thresholds, as did bank executives, who also advocated for deposit insurance reform and consistency among examiners.

How banks automate core operations at scale

Bank of America fires up generative AI payments assistant

AskGPS was trained on more than 3,200 internal documents by the company’s in-house engineering team.

Citi rejects Grupo Mexico’s $9.3B offer for Banamex

The bank continued to show support for an earlier bid from billionaire Fernando Chico Pardo to take a 25% stake in the Mexican lender, in combination with an initial public offering.

Banks more often retain defrauded customers if they can attribute blame: study

Whether or not a bank’s fraud investigation results in finding the perpetrator “actually does matter quite a bit in terms of customers continuing with banks,” said Vamsi Kanuri, marketing professor at the University of Notre Dame.

Goldman Sachs loses senior bankers after leadership reshuffles, dealmaking pause