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Adobe Stock: Tada Images FICO, the eponymous credit score provider, announced three artificial intelligence language models for financial services firms on Tuesday: Focused Foundation Model, Focused Language Model and Focused Sequence Model.   In developing its own language models, FICO is offering an alternative to the large foundation models that have become popular in the industry, […]

Freddie Mac announced the appointment of a new general counsel, whose hiring comes amid ongoing speculation about the future of the government-sponsored enterprises.  The GSE this week named Matthew D. Abrusci executive vice president, general counsel and corporate secretary. With a career across banking, capital markets and securities law, Abrusci joins Freddie Mac after recently

Al Drago/Bloomberg Key insight: Fed Vice Chair for Supervision Michelle Bowman signaled that she is onboard for notable short term interest rate cuts if the labor market picture continues to worsen. Expert quote: “The recent data, including the estimated payroll employment benchmark revisions show that we are at serious risk of already being behind the