
AI Tax Tool Triggers Wealth Management Stock Plunge
A new AI tax strategy tool sparked a major selloff in wealth management stocks, with firms like Raymond James and Charles Schwab seeing their largest drops in years.
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A new AI tax strategy tool sparked a major selloff in wealth management stocks, with firms like Raymond James and Charles Schwab seeing their largest drops in years.

JPMorgan Chase & Co. now sees its annual artificial intelligence (AI) investment of $2 billion matched by an equal amount in cost savings, according to CEO Jamie Dimon. He believes this is just the be

Tan Su Shan, the first female CEO of DBS Group, is leading Southeast Asia's largest bank with a strategy focused on AI, blockchain, and a unified customer approach.

Financial market infrastructures must build a robust data foundation before adopting AI, says Nasdaq's Head of AI Research, Doug Hamilton. Success depends on key pillars like reliability and strategy.

Fifth Third Bank is detailing its strategic approach to implementing trustworthy artificial intelligence, focusing on a ModelOps framework to ensure responsible innovation and regulatory compliance.

Citigroup has launched a mandatory AI training program for 175,000 employees to teach them how to write more effective prompts for internal AI tools.

SS&C Blue Prism has launched a free, 10-session AI Masterclass to equip financial services leaders with the practical skills needed for AI implementation.

A Coinbase executive argues that artificial intelligence requires the speed and scalability of crypto to operate in financial markets, calling traditional systems outdated.

Crypto intelligence firm Nansen has launched Nansen AI, a new platform that uses natural language to provide market insights, with trading features planned for 2025.

Banking giant Citi is testing a new agentic AI platform with 5,000 employees in a six-week pilot aimed at boosting productivity, while acknowledging uncertainty about its future impact on jobs.

Insignia Financial, a leading Australian wealth manager, is partnering with Google Cloud to integrate AI and modernize its infrastructure for 1.5 million members.