Trump establishes committee to investigate Fed’s Cook
President Donald Trump announced the formation of a committee to investigate allegations of mortgage impropriety by Federal Reserve Gov. Lisa Cook in an effort to remove her from office.
America’s Credit Unions launches new cybersecurity hub
America’s Credit Unions has launched its new Cybersecurity, Fraud and Vendor Risk Resources Hub; Cornerstone Research reports corporate bankruptcies remain historically elevated; Deutsche Bank hired David Garland from oil major BP to help lead power trading in the Americas; and more in this week’s banking news roundup.
SBA starts new fiscal year with even tighter credit box
The Trump administration implemented stricter underwriting standards earlier this month. An earlier set of tightened rules in 2025 appears to have contributed to a decrease in loan volumes.
Advisors are building portfolios for the wrong clients
As trillions flow to women and widowed clients, Uplevyl’s Shubi Rao says biased data, rationed advisor face time and outdated fee models cost the industry.
Online betting has major impacts on bank customers’ behavior
Habitual online gamblers tend to have lower checking account balances and don’t save as much as non-bettors. As young customers gravitate to online betting, bankers should be offering education about building a secure financial future.
How RIAs can beat the clock when leaving Fidelity custody
Industry experts say moving assets from one custodian to another can happen in a matter of weeks. But any number of stumbles and mishaps can cause the process to stretch into months.
Inside Navy Federal’s fight against military payment scammers
The credit union is using artificial intelligence to improve risk management as real-time processing shortens the window to thwart a bad transaction.
The impact of higher rates will dominate banks’ 3Q earnings
Earnings season, which kicks off next week, is expected to feature discussions about the impacts of rate hikes, including on deposit costs, margins and loan growth.
Pa. credit union to offer Google Gemini-based bot to members
The AI assistant will give consumers snapshots of their financial lives, warn them about upcoming cash-flow gaps and offer suggestions.
How treasury management is changing
Matthew Davies, Head of Global Payments Solutions, EMEA, Bank of America, discusses the future of treasury management and how it’s being automated with AI, in a conversation with Joey Pizzolato, payments reporter, American Banker, at SIBOS.