Consumer AI agents could upend online shopping – but who really wins?

By Christine Dobby (Bloomberg) — Royal Bank of Canada beat estimates on better-than-expected results from its capital-markets and wealth-management divisions, continuing a trend seen across the country’s large banks this quarter.   Canada’s biggest lender earned $4.28 a share on an adjusted basis in its fiscal third quarter, according to a statement Thursday, more than…

Nashville, Tenn.-based Alto, a marketplace and custodian connecting retirement capital with private market opportunities, has launched Alto Private Deal Room, a platform for RIAs to execute self- and client-sourced private market deals. Alto said Alto Private Deal Room allows for custody, compliance and execution to be managed end-to-end through the platform. “We believe this marks…

Airline industry officials have finally stopped panicking about the Federal Aviation Administration‘s soon-to-launch artificial intelligence tool for managing flights and easing congestion in air travel, multiple people familiar with the situation told POLITICO. Weeks of industry confusion over the FAA’s vague description of its much-hyped plans eased in the past week when agency officials told…

Mortgage lending growth in the UK is expected to rise from 3% in 2025 to 3.3% this year due to lower rates in the second half of last year, analysis found. The EY UK Bank Lending Outlook suggested that it would be the only major lending segment to see accelerated growth this year, with corporate…

To win summary judgment – a ruling without a full trial – UMB had to show Wells Fargo held the note when the suit started. It offered two employee declarations and a spreadsheet tracking the note’s whereabouts. A Wells Fargo vice president certified that he reviewed the original note on October 22, 2013. A business…

On a humid and rainy July night in Sunset Park, Brooklyn, people from throughout the commercial real estate industry escaped the elements at the new mixed-use complex MADE Bush Terminal, which hosted Commercial Observer’s annual summer networking mixer. Amid a series of massive square wooden columns conveying the complex’s industrial feel, attendees networked, enjoyed drinks…