AI Spending Helps Smaller Banks Compete as Rates Stay Put

F.N.B. Corporation said it is spending more on AI to improve how it sells and delivers products, and early results show increases in deposit and loan applications, suggesting smaller banks may be able to compete more effectively with larger ones by leveraging new technology, S&P Global Market Intelligence wrote.

Another S&P article discussed how market expectations show the Fed is likely to keep rates steady through year-end, as ongoing geopolitical tensions and inflation pressures make near-term rate cuts unlikely unless the economy weakens.