Fed gives final approval needed for Santander-Webster merger
Banco Santander’s pending acquisition of Webster Financial got approval from the Federal Reserve Board about five months after the deal was first announced.
Amid AI threat, LPL reviews reliance on ‘cash sweeps’
Brokerages are too dependent on the billions they make every year from clients’ uninvested cash, industry analysts say. LPL is responding with a long-term review of its pricing.
Cross River aids X Money’s quest to disrupt banking
The social media app has partnered with Cross River to manage tasks such as compliance and deposit insurance. But fintech experts say more work is needed before X can threaten traditional banks.
Wells Fargo joins the fast-growing tokenized-deposit club
Big banks, including San Francisco-based Wells Fargo, are eager to defend themselves from the competitive threat posed by stablecoins, analysts say.
Western Union adds stablecoin card as banks push digital assets
The remittance company and stablecoin payments platform Rain are launching Stablecard, a digital wallet and Visa secured credit card backed by Western Union’s stablecoin, the U.S. Dollar Payment Token, or USDPT.
How emotional intelligence helps financial advisors get ahead
Two presentations at The American College of Financial Services’ CAAFP discussed how successful careers in the industry require both technical and emotional skills.
FDIC launches supervisory appeals panel
The Federal Deposit Insurance Corp. announced the launch of its Office of Supervisory appeals, which will be helmed by a panel of three officials with combined supervisory and banking experience and will review bank-led appeals of supervisory findings.
Will longer retirements shrink the great wealth transfer?
One advisor calls the expected transfer a mirage; others say it may simply unfold more slowly and require more intentional planning.
Senate report: Three big banks ignored red flags on Epstein
JPMorganChase, Bank of America and Deutsche Bank likely violated federal anti-money-laundering laws in connection with the finances of notorious sex offender Jeffrey Epstein, according to a report by Democratic Sen. Ron Wyden.
Press Release: FDIC Launches New Office of Supervisory Appeals
PRESS RELEASE | AUGUST 4, 2026 FDIC Launches New Office of Supervisory Appeals WASHINGTON — The Federal Deposit Insurance Corporation (FDIC) today announced the launch of a new Office of Supervisory Appeals (OSA) panel comprised of independent officials who will consider and resolve appeals of material supervisory determinations brought before the agency. The OSA is […]