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Nathan Place

Reporter · US

Indexed articles, last 90 days
28
Latest publication
Sep 29, 2026
Outlet visibility, for American Banker
Top 1M sites
Earliest in this view
Jul 6, 2026

Latest articles

  1. Article · Sep 29, 2026 · Nathan Place

    Tech leaders say AI could end humanity. Banks still love it (opens the original)

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    This month, anxiety about artificial intelligence skyrocketed as industry insiders warned that the technology could end humanity. But by all appearances, that hasn't put a dent in banks' enthusiasm. "I am by no means a buyer of, 'There's a 10% risk that humans don't exist in a decade,'" Brendan Coughlin, president of Citizens Financial Group , told American Banker. "I think there is more good that these tools will do long-term than those kinds of catastrophic risks." For years, banks have embrac

  2. Article · Sep 24, 2026 · Nathan Place

    BofA, seeking to extend careers, will train more apprentices (opens the original)

    Excerpt · Positive tone · English

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    Bank of America is investing heavily in artificial intelligence, but it's also spending on human workers. The nation's second-largest bank plans to hire 1,000 extra trainees for its apprenticeship programs over the next two years, it announced on Thursday — in addition to the 800 apprentices it already hires per year. The hires are an investment in a future, CEO Brian Moynihan said, in which employees will not necessarily be replaced by AI but will need to know how to use it. "We as managers hav

  3. Article · Sep 23, 2026 · Nathan Place

    AI might be in its bubble phase. How exposed are banks? (opens the original)

    Excerpt · Critical tone · English

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    In recent weeks, fears about AI have veered toward the apocalyptic. But even if the technology doesn't end the human race, it could still hobble the global economy. It's not hard to imagine the chain of events: AI companies fund the construction of data centers partly with bank loans. Then, as those firms roll out their products, revenue fails to meet expectations. The AI companies default on their debts, and banks take the hit, depleting their capital and hurting their ability to lend to other

  4. Article · Sep 18, 2026 · Nathan Place

    Community bank offers new perk to trainees: Guaranteed work (opens the original)

    Excerpt · Neutral tone · English

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    At a time when many workers fear losing their jobs to AI, one community bank is investing heavily in human trainees — and promising them years of work. 1st Summit Bank, a $1.5 billion-asset bank in Johnstown, Pennsylvania, is launching a three-year training program for high-school graduates interested in a career in banking. And at the end of that training, the bank will offer something unique: a guarantee of seven years of employment. "They will have a job here with this institution and be affo

  5. Article · Sep 15, 2026 · Nathan Place

    Under new CEO, Truist is exiting near-prime auto lending (opens the original)

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    Truist Financial is leaving the near-prime auto lending business, as new CEO Michael Lyons begins to make his mark on the bank. The Charlotte, North Carolina-based company said Tuesday that it's reached a deal to sell $5.5 billion of auto loans, essentially clearing out all the assets of the Regional Acceptance Corp., its auto-lending subsidiary. The deal is expected to close in this year's third or fourth quarter. Truist did not disclose the buyer. Mike Maguire, Truist's chief financial officer

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