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- 1AI chatbots often wrong on financial questions, report finds●AI chatbots give wrong answers to financial queries 'most of the time'
A Financial Times report says AI chatbots give incorrect answers to financial questions most of the time, raising concerns about consumers relying on them for money advice. Readers are debating how unreliable large language models are for financial planning, whether providers should restrict such queries, and what the findings mean for regulators and fintech firms promoting AI assistants.
- 2FDIC says Old Glory Bank is severely undercapitalized●Old Glory Bank is 'severely undercapitalized,' FDIC says The bank has struggled to turn a profit despite growth in depos
The FDIC has determined that Old Glory Bank is severely undercapitalized, according to American Banker. The Oklahoma-based bank has grown deposits rapidly, from $10 million in 2023 to more than $245 million at the end of 2025, but has struggled to turn a profit. Regulators' finding raises questions about the bank's financial footing and its ability to meet capital requirements.
- 3California Regulators Seize Struggling Nano Banc●California Seizes Nano Banc, Ending Years-Long Struggles Culminating in Significant Financial Loss
California's Department of Financial Protection and Innovation has seized Nano Banc, closing the chapter on a bank that struggled for years and ultimately suffered significant financial losses. The state regulator stepped in to take control of the failed institution, marking an end to its prolonged troubles.