BNY to upgrade gen AI platform; DOGE and Home Loan banks; USAA's woes

Inside BNY's plans to upgrade Eliza, its generative AI platform: The 2.0 version, expected to launch next year, will provide more detailed responses based on more complex, humanlike thought processes.

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BankThink: Elon, are you listening? Point DOGE at the Home Loan banks

Existing efforts to reform the Federal Home Loan Bank System may look dead on arrival in a Trump administration, but the proposed Department of Government Efficiency may not be able to resist such low-hanging fruit.

'Fundamental breakdown': How USAA landed in regulators' hot seat: Amid steady customer growth, USAA's banking arm failed to make the investments necessary to satisfy either its regulators or some decades-long customers. Changes in the executive suite haven't fixed the problems.

Trump 2.0 and other catalysts for bank stocks in 2025: Analysts say lenders' shares could rally on deregulation, lighter tax burdens and a resurgence of M&A. Declining interest rates and lower loan losses could further bolster bottom lines and attract investor interest.

Truist commits $725 million to help western N.C. rebuild after Helene: The North Carolina-based bank rolled out a multiyear program to provide loans, investments and philanthropic support to communities in the western part of the state.