Market HELOCs at local level, not broadly, to be successful
In an increasingly competitive business segment, having the data to do targeted marketing at the neighborhood level will help home equity application conversion rates.
How banks can reclaim cross-border payments
There’s an opportunity to translate security into convenient international transactions.
‘We could lose our edge’: Bankers on competing for digital assets
Banks can’t afford to move too slowly in adopting tokenized assets, speakers at American Banker’s Most Powerful Women in Banking conference said this week.
OCC leaves room for stablecoin yield maneuvers in final rule
The Office of the Comptroller of the Currency dropped a presumption against third-party stablecoin rewards in its final stablecoin rule, opting instead to consider alternative arrangements on a case-by-case basis.
Capital One wrestles with how to best use Discover’s network
CEO Richard Fairbank spoke Tuesday about the credit-card giant’s plans to migrate more accounts onto a network he has called “the holy grail.”
Among $5B+ RIAs, fee-only firms lose market share to hybrid peers: Cerulli
A new Cerulli Associates whitepaper divides RIAs into fee-only firms, hybrid companies and independent firms with insurance licenses. The results offer a striking view of how consolidation is affecting the fiduciary duty in wealth management — and vice versa.
A wave of new banks is about to shake up a normally staid industry
A spike in bank charter applications from organizations with nontraditional business models is about to shake up a typically boring industry. One common thread appears to be a desire to avoid direct regulation by the Federal Reserve.
OCC report conflates valid risk calls with discrimination
The Office of the Comptroller of the Currency claimed its debanking report demonstrated banks’ bias in ending relationships with certain clients. But experts say the banks’ actions show a more nuanced approach to legitimate — and subjective — questions of reputational risk.
Founders of $18.4B RIA exit JPMorgan to build client portfolios on their terms
Phil Scott and Jim Atwood said when they joined JPMorgan from the failed First Republic bank they were assured they’d be immune from pressures to periodically rebalance client portfolios. But it didn’t work out like that.
Key’s profit tops estimates on growth in deposits and fees
The Cleveland-based company is projecting continued bottom-line growth in 2027, as a big portfolio of lower-yielding assets is set to roll off its balance sheet.