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Mortgage rates fall to record lows

Mortgage rates fall to record lows: Mortgage rates sunk to record lows again this week.

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Sunday Reading - We Hold These Truths to Be Self-Evident

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Stern Advice: Financial predictions for 2012 | Reuters

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Ramp Up Cyber Spending As AI Reshapes Industry Priorities

NEW YORK—Artificial intelligence is rapidly becoming the defining force shaping banking strategy, with 80% of banking executives now expecting AI to significantly disrupt their business and operating models within the next three to five years, according to KPMG's 2026 Banking Technology Survey. The survey of 200 U.S. banking executives found institutions are responding by accelerating investments in cybersecurity, payments modernization and technology-driven acquisitions. "AI, payments modernization, cybersecurity, and tech-driven M&A are no longer separate agendas," said Peter Torrente, KPMG's U.S. Banking Sector Leader, who said banks are increasingly being challenged to keep pace across technology, risk and growth simultaneously. Cybersecurity remains a top concern. More than three-quarters (76%) of banking leaders reported an increase in cyberattacks over the past year, while 92% said they are boosting cybersecurity budgets. In addition, 84% are increasing cyb...
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NCUA Tells FICUs Crypto Trading is OK — If Big Exchanges Provide the Service

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The Federal Open Market Committee (FOMC) voted to raise the target range for federal funds

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