AI
AI in Finance & Banking Coming in Hot
We made an announcement in our sister email newsletter, The AI Edge, that we’ll be merging any AI-related content in finance & banking with the Finance & Money Edge newsletter.
And here’s the first share for this week: IBM is building out an AI governance tool which will be useful to enterprise-level businesses to manage your AI risks.
BANKING
RBC (US) Gets Fined
Canadian banks have an overall good reputation, but RBC’s American branch, City National Bank, has been fined US$63M (!!!) by US banking regulator, the OCC, for a lack of risk management and internal controls.
See, what they need is a good refresher on risk management (shameless plug).
CORPORATE
Meta Declares First Dividend
Meta, Facebook’s parent company, announced its first dividend ever, leading to a surge in its shares.
Maybe Zuck felt it was a great way to distract people from his interrogation by the Senate…(just saying)
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