Could Altruist deal turn Vanguard into ‘the next Schwab’?
RIAs who work with Charles Schwab have long worried Schwab competes with them for business. Could Vanguard’s pending purchase of Altruist put Altruist RIAs in the same position?
Fed’s Williams not swayed that a rate hike is the answer yet
Federal Reserve Bank of New York President John Williams said Wednesday that inflation expectations remain well anchored, suggesting a “wait-and-see” approach for monetary policy.
IBD Elite 2026: Top 10 firms with the fastest growing payouts
Some midsize firms joined three giants of the industry in surpassing their peers among independent brokerages, in terms of the percentage increase in their average payouts per financial advisor last year.
Jack Henry refuses to pay extortionists after data theft
The core provider says ShinyHunters’ breach affected fewer than 10 financial institution clients.
No pause button: Omaha bank inks second M&A deal since June
First National Bank of Omaha’s planned acquisition of InBankshares in Denver comes less than three months after it agreed to acquire a Kansas City-area bank.
Community banks are no one’s stalking horse in the CLARITY Act debate
The claim that community bankers are somehow being manipulated into supporting changes to the CLARITY Act that would benefit big banks is wrong. The threat to deposits from stablecoin yield is real and dangerous.
Prediction markets look an awful lot like online betting
People on Kalshi and Polymarket tend to be younger, tend to be poorer, and tend to lose money on the sites, which is how most gambling works.
U.S. banks may need to blacklist UAE branches of Banque Misr
Fincen says 103 Iranian front companies moved $1.8 billion through the Egyptian bank’s Emirati branches. The proposal would touch every U.S. correspondent bank.
Advisors think they’re good listeners. 12K AI-tracked meetings suggest otherwise
The AI firm Jump used notetaker data to analyze thousands of discussions between advisors and clients. The results show advisors aren’t as good at keeping their mouths shut as many think.
Zerohash refiles its trust bank charter application to OCC
The crypto firm has resubmitted its request for national trust bank charter from the federal agency after its first filing was quietly returned.