New York Community Bank’s $1 billion-plus capital raise is the latest example of private equity players coming to rescue a regional bank. Source: Why private equity has been involved in every recent bank deal
Category: CNBC
Shane Jones, who’s worked at Microsoft for six years, has found a plethora of disturbing images that are being created by the company’s Copilot Designer tool. Source: Microsoft engineer warns company’s AI tool creates violent, sexual images, ignores copyrights
The regional bank stock has been under pressure this year after disclosing potential losses in its loan book. Source: NYCB shares rebound after troubled regional bank announces $1 billion capital raise