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.

From niche to necessity: why banks can’t afford to ignore stablecoins

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 and rolled out last week.

Open banking also helps banks: fintechs

Fintechs are trying to rally support for U.S. open banking as regulators gather comments, ahead of an Oct. 21 deadline, to inform a revised rule.

Bessent urges community bank CEOs to ‘go on the offense’

Community lenders that make it through the next decade will have embraced technology and attracted younger customers, the Treasury secretary said at a Fed conference Thursday.