Banks fear SEC rule may limit access to capital markets
The American Bankers Association, Bank Policy Institute and Securities Industry and Financial Markets Association submitted comment letters to the Securities and Exchange Commission arguing that a proposed change to Form S-3 eligibility would make it more difficult for some banks to access the capital markets.
Beyond token-maxing: How U.S. Bank AI chief navigates costs
Prashant Mehrotra says he runs AI use case ideas through a disciplined framework before proceeding.
The AUM of RIAs is soaring. But what about new clients?
SEC data compiled by Paithos Research suggests that the massive growth of RIAs looks much different when compared to their small net new clients.
How Mastercard plans to compete in agentic commerce
Banks, fintechs and card networks are vying for a share of revenue from the new form of artificial intelligence. Mastercard CEO Michael Miebach contends his firm has the tools in place and a product pipeline to take advantage.
Digital money can be a fraud-fighting tool
Digital currency can be tracked and if stolen “burned,” then reminted and given back to its rightful owners. That could be a powerful anti-fraud tool.
It’s time for community banks to break free of ‘core’ limitations
Community banks have long been reliant on — and constrained by — a handful of core-banking technology vendors. But enterprise artificial intelligence licenses offer the chance to transcend those limitations.
How a $10M check-fraud ring in Bronx exploited the homeless
Prosecutors say a Bronx crew recruited homeless people and walked them into branches to open accounts. The controls it beat were mostly human ones, standing at a branch counter.
Prosperity blames loan-growth woes on newcomers’ pricing
Banks that are new to the Texas market are pricing loans very aggressively, according to senior leaders at Houston-based Prosperity Bancshares.
How advisors can act as hubs for clients’ lawyers, accountants
By coordinating with a client’s other financial professionals, such as lawyers and accountants, financial advisors have the potential to deliver even more value.
The safety of the status quo is a risk. Here’s how to guide clients past it
Summer meetings might pose a scheduling challenge, but financial advisors could help clients avoid costly mistakes by guiding them away from the common bias in a midyear meeting.