The FDIC released guidance today with steps intended to provide regulatory relief to financial institutions and facilitate recovery in areas of Florida affected by severe storms and tornadoes. The agency encouraged banks in affected areas to work constructively with borrowers experiencing difficulties due to the severe weather, including extending repayment terms, restructuring existing loans or easing terms for new loans. The agency also said it would consider relief from certain filing and publishing requirements.
From process efficiency to ‘digital employees’
Artificial intelligence tools are at the heart of large banks’ innovation strategies, according to CEOs of BNY, Wells Fargo and U.S. Bancorp.
