After owner couldn’t repay debts, NM bank poised for sale
The controlling owner of Santa Fe-based Century Financial Services Corp. wound up in bankruptcy court. Now his 71% stake is on the verge of being sold to an Oklahoma bank.
Citi’s use of Swift blockchain extends tokenized deposits’ reach
Swift’s network of 11,500 banks can exchange deposit tokens in a standardized way.
Pulte: ‘cartel-like’ bureaus should cut costs, eyes bi-merge
The big three’s trade group has said they operate legally and protect the industry with a trio of reports. FHFA also is opening up VantageScore for all lenders.
SEC moves to nullify pay-to-play ban for federal contracts
The Securities and Exchange Commission proposal would eliminate a ban on investment advisors receiving government contracts within two years of making political contributions. The agency says existing laws can address pay-to-play conflicts of interest.
Schwab raises fees on wealthy clients as upmarket push continues
Fee increases Charles Schwab is adopting for its in-house advisory business will keep a cheaper alternative for high net worth clients while helping to plug revenue holes.
Walmart-linked fintech’s banking incursion reaches autos
OnePay’s My Garage combines payments and financial information as it continues to build out a financial app.
Tax ‘traps’ and capital gains strategies for in-kind charitable donations
While donating stock is a clear win for clients to avoid capital gains taxes, gifts of property require a qualified appraisal to get a deduction.
GAO flags disclosure gaps exposed by 2023 bank failures
Two of the banks that collapsed in 2023 were subject to a weaker system of investor-disclosure oversight than most public companies, prompting the government watchdog to call for changes.
SoFi-Kraken partnership connects banking, digital assets
The digital bank announced a collaborative partnership with the crypto exchange platform as it continues to expand its overall digital asset strategy.
Press Release: FDIC Issues List of Banks Examined for CRA Compliance
PRESS RELEASE | SEPTEMBER 4, 2026 FDIC Issues List of Banks Examined for CRA Compliance WASHINGTON—The Federal Deposit Insurance Corporation (FDIC) today issued its list of state nonmember banks recently evaluated for compliance with the Community Reinvestment Act (CRA). The list covers evaluation ratings that the FDIC assigned to institutions in June 2026. The CRA […]