Sloppy books, dirty data can undermine RIA sales or mergers
Two experts in mergers and M&A sales explained how and why RIA owners need to clean up their data, get a formal valuation and figure out other technical questions before they make a succession deal.
A tool for finding RIA values — and plenty of ways to boost them
With its Estimated Value Index, the valuation expert FP Transitions seeks to give RIA owners a leg-up in knowing just what their firms can most likely fetch in a sale.
Check-fraud case highlights insider risk for banks
A former Regions Bank employee who’s been banned from the industry was allegedly part of a fraud ring that cost the bank roughly $400,000.
BNY’s Barker on what really concerns clients about AI and payments
Jennifer Barker, the bank’s global head of payments & trade and depository receipts, says people are more worried about the outcome than how transactions occur. That creates a greater bank role for intelligent routing or payment facilitation, where customers automatically get the best option with little work on the front end.
CFTC chair to issue crypto rules if Congress stalls on CLARITY
Commodity Futures Trading Commission Chair Michael Selig said the agency is exploring regulations that would establish clearer rules of the road for crypto exchanges and decentralized finance developers operating in the U.S.
Bessent flags bigger debt buyback potential, coming fiscal plan
Treasury Secretary Scott Bessent said in an interview on CNBC Thursday that he and Office of Management and Budget Director Russell Vought have been tasked with developing a fiscal plan to reduce government spending.
With Webster in hand, Santander says it’s poised for growth
Banco Santander completed its purchase of Webster Financial on Thursday. The Spanish bank expects the deal to provide scale and catalyze growth in the U.S.
Withholding CDFI funds harms the nation’s most vulnerable communities
The Trump administration’s refusal to release funds appropriated by Congress for community development financial institutions is actively damaging programs that serve low-income Americans.
Fintech investment continues to focus on large private deals
As the fintech IPO market is on pause and the total number of deals decreases, select firms are still collecting sizable equity checks from private investors.
SEC sues three ex-Tricolor executives over bond fraud
The agency says the subprime auto lender pledged the same car loans to several lenders and bond deals at once, leaving investors owed about $945 million.