Some of the commitments call for third-party oversight of commercial AI systems
BofA has been cutting down on its reliance on overdraft fee revenue
Prices rise in Germany and fall in Spain
The proposal appears to acknowledge the FDIC is looking for ways to calm depositors and markets
EU member countries must thrash out the details of new rules, aimed at meeting ongoing monetary challenges
Two PetroSaudi managers were accused of trying to enrich themselves by misappropriating at least US$1.8 billion
Potential changes include greater capital requirements and more aggressive regulatory supervision
Political leaders said sector’s generally in “good shape” after Deutsche Bank stock fell 14%
SVB was the 16th largest bank in the U.S., holding $210 billion in assets
The ECB is expected to hike rates by a half-point on Thursday