More home sellers than buyers, a lot more
Banks are a critical link in the chain of elder fraud; blockchain is exciting and infrastructure is boring, but they’re actually the same thing; and there are way more home sellers than buyers.
It’s past time for paper checks to follow the penny into extinction
In a digital world, paper checks are an expensive, inefficient and unsecured vestige of the past. Bankers, regulators and policymakers need to come together around a strategy to eliminate their role in the U.S. financial system.
Invesco to manage Superstate’s tokenized USTB fund
The investment firm is growing its digital asset portfolio in a “tokenization race” by being the external asset manager for Superstate’s flagship on-chain fund.
Banks urged to ‘shift left’ to fight elder fraud
With seniors losing billions to scams, cybersecurity experts say banks must partner with telecom and tech companies to intercept fraud earlier.
Activist investor wants board shakeup at Maryland-based Eagle
Diligence Capital Management is pushing the beleaguered bank to add directors with bank turnaround experience. Eagle has been searching for a new CEO after getting battered from losses tied to its commercial real estate portfolio.
This cash-rich Boston-area bank is on the lookout for deals
Cambridge Savings Bank has been stockpiling capital. Now its CEO says it’s willing to part with a portion of that stash if the right opportunity presents itself.
Judge tosses Trump’s Capital One debanking suit, for now
A federal judge said Friday that the Trump Organization will have three months to collect new evidence and refile its complaint. It alleges that Capital One illegally closed hundreds of its accounts following the Jan. 6, 2021, attacks on the U.S. Capitol.
How Trump’s EO could redraw QM’s safe harbor lines
The new executive order could add lender competition for self-employed borrowers, potentially via a small loan carveout and one for portfolio products.
‘We won’t cede any ground’: Huntington’s embedded payments push
Huntington is among the banks investing in technology that embeds payments and financial services into non-financial functions — a move designed to counter the encroachment of digital wallets and fintechs.
$1.25B AUM ex-First Republic team exits JPMorgan, joins Janney
The Apollo Group, a six-person team in New York, is the latest to show that former First Republic advisors are still not completely settled at JPMorgan.