Retirement plans offer advisors a bridge to new wealth clients
In their “bridge to wealth” study, Cerulli Associates and Morningstar look at how advisors can turn defined contribution plan participants into individual wealth management clients.
It’s not about crypto, it’s about payment cadence: How faster pay wins consumer loyalty
Better, faster payments: What consumers really want from bank crypto
Adopting an ‘offensively defensive’ approach to financial crime
Geopolitical turmoil combined with rapid deployment of new technology has made it more important than ever for banks to prioritize their anti-financial crime functions.
Crypto and bitcoin have problems the CFTC and SEC can’t fix
The agencies step in after Congress torpedoed the Clarity Act; but the lack of rules isn’t what’s holding crypto back.
Fincen scraps crypto mixer rule built to fight ransomware
Fincen also formally dropped a 2020 proposal on rules for self-custodied crypto wallets, citing the Trump administration’s deregulatory agenda.
Frozen or stolen? BofA customer struggles to get money back
Kyle Horn, the owner of a precious-metals dealer in San Diego, says his Bank of America account, which had about $50,000 in it, has been frozen for 18 months. He’s suing to get his money back — and to win protections for other customers like him.
Western Union Intermex deal hits yet another roadblock
Delays in Western Union and International Money Express’ proposed merger have forced the companies to refile with antitrust regulators, which could trigger a new 30-day waiting period that could cause further delays.
A capital-rich Michigan bank announces first deal since 2021
Acquiring Huron Valley Bancorp will expand Bank of Ann Arbor’s footprint in suburban Oakland County and give it a toehold in a part of that market it’s been eyeing.
Old Glory Bank raises $8M, chides Fed over blocked deal
The conservative-aligned bank still plans to go public, but will do so in a way that bypasses the need for the Federal Reserve’s approval. Old Glory’s CEO said the Fed failed to approve its recent application because the bank is “pro-crypto.”
Pennymac adopts VantageScore as bi-merge debate heats up
While the three largest lenders now offer VantageScore, Bank of America Securities says two agency pulls boosts consumers scores, no matter which model.