Banks are realizing bond losses; Capital One sued over rates

Why some banks are realizing their once-unrealized losses: More banks are selling their underwater bond portfolios at a loss, crystallizing what were previously losses on paper only. Though the maneuver brings some short-term pain, the banks expect to make the money back over time.

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Capital One faces lawsuit from savers left behind amid rate hikes: Longtime customers of Capital One 's online banking arm thought they were getting the best possible rate, according to a lawsuit. Little did they realize, they say, that they needed to open a new account in order to benefit from interest rate increases.

FHFA: Federal Home Loan Banks can't be a lender of last resort: The Federal Housing Finance Agency said in a long-awaited report that it will set up new guardrails for the Federal Home Loan Banks to ensure that the institutions are serving a housing-centric mission.

Know a dynamic woman leader in the payments industry? It’s time to?apply for the annual Most Influential Women in Payments awards .?

BankThink: Is Sam Bankman-Fried a villain or was he in over his head? His lawyers characterize him as a math nerd and not a criminal, but the mountain of evidence presented during his trial makes it hard to see him as innocent, writes Penny Crosman , American Banker's Executive Editor of Technology.

Given regulatory uncertainty, banks will take tentative steps to embrace AI: As banks increasingly explore the applications of generative artificial intelligence, regulators are deliberating about the systemic risks that the technology may pose because of their unpredictability, the potential for herd behavior, replication of human biases and AI's inability to predict extreme scenarios.

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