Browsing: savings

Getting the best rate as a saver became a little more difficult after the Federal Reserve started cutting its benchmark rate toward the end of 2024. Fed officials lowered the federal-funds rate a total of 75 basis points in 2025, but have so far decided to keep rates steady throughout 2026, including at their most…

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In an article published in Cinco Días, Juan Blasco, Head of Institutional Business at BBVA CIB and Board Member of the Association for Financial Markets in Europe (AFME), examines the role of the Savings and Investments Union (SIU) as a key lever to channel European savings into productive investment, deepen capital markets, and strengthen Europe’s…

WASHINGTON—Tioga-Franklin Savings Bank in Philadelphia was closed today by the Pennsylvania Department of Banking and Securities, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. The FDIC entered into an agreement with Second Federal Savings and Loan Association of Philadelphia to assume all deposits and purchase substantially all assets of Tioga-Franklin Savings Bank. 

Two local authorities will use artificial intelligence (AI) to help bridge multi-million pound budget gaps.

Bank executives increasingly describe artificial intelligence as a productivity technology rather than an experiment. That claim is finally becoming testable. Large banks are disclosing minutes removed from service calls, hours recovered from coding and policy searches, fewer manual checks in transaction screening, and broader measures of economic value from AI programmes. The evidence is no…

Getting the best rate as a saver became a little more difficult after the Federal Reserve started cutting its benchmark rate toward the end of 2024. Fed officials lowered the federal-funds rate a total of 75 basis points in 2025, but have so far decided to keep rates steady throughout 2026, including at their most…

Banks are spending heavily on artificial intelligence. The measurable returns are beginning to emerge – but they are concentrated in specific workflows rather than evenly across the institution.

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