Banking
M&T Bank Hires Fannie Mae AI Veteran to Lead Engineering
M&T Bank has appointed Kalyana Bedhu, a former Fannie Mae AI/ML leader, as Head of AI Engineering, signaling a push to build governed, scalable AI capabilities in-house.
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Banking
Treasury Yield Curve Bull-Steepens After CPI; 2s/10s and 2s/30s Hit Multi-Month Highs
The Treasury yield curve bull-steepened after a softer CPI print, with the 2s/10s spread reaching about 49 basis points and the 2s/30s about 107 basis points, the steepest since May. The move signals shifting Fed rate-cut expectations and has implications for banks and growth stocks.
Banking
Citi Taps New Healthcare Banking Leadership as Dealmaking Heats Up
Citigroup is restructuring its healthcare investment banking team with new leadership focused on biotech, medtech, and biopharma, signaling a strategic push into a sector poised for an M&A rebound.