State Street touts selection by Treasury, $1B cost-cut plan
State Street executives said Thursday that one of its investment funds was selected as the default investment option for “Trump accounts.”
What Barclays gets from its Frontier Airlines extension
The U.K.-based bank renewed its longest tenured co-brand program, which has been running for more than 20 years, for another decade. The renewal will help the bank expand its consumer banking portfolio.
Fed officials mishandled sensitive information: Watchdog report
The central bank failed to prevent critical economic information from falling into the hands of “foreign adversaries,” according to a report from its inspector general.
NY regulators fine Swedbank $50M in Panama Papers probe
One of Sweden’s biggest banks agreed to the penalty to resolve a multi-year investigation into its compliance failures. The New York State Department of Financial Services said Swedbank intentionally withheld information it was required to turn over.
JPMorgan lashes out again in court against departed bank-based advisor
JPMorgan has a habit of taking its former private client advisors to court and accusing them of trying to steal clients they met through bank referrals. An industry recruiter says such suits aren’t necessarily a sign of recruiting deals gone bad.
Press Release: Agencies Issue Joint Statement on Handling of Highly Sensitive Information During Bank Examinations
PRESS RELEASE | JULY 16, 2026 Agencies Issue Joint Statement on Handling of Highly Sensitive Information During Bank Examinations WASHINGTON — The federal bank regulatory agencies today issued a joint statement describing enhanced security procedures for review of highly sensitive information in connection with examinations of supervised banks, such as reviewing materials on-site rather than […]
Purchase of investment bank gave US Bank a rapid boost
A breakout month by the company’s newly acquired investment banking subsidiary, BTIG, added nearly $100 million of revenue during the second quarter.
Fed bans former Illinois banker for using inflated appraisals
A one-time chief lending officer for Heritage State Bank has been barred from the industry for signing off on mortgages backed by over-valued appraisals.
The catch in Trump’s new bank cybersecurity hub
Feeding vulnerabilities into Gold Eagle could expose a bank to regulators or lawsuits, a cybersecurity lawyer warns.
SEC pushes private market access, but retail is already in
As the SEC pushes to widen access to private equity, private credit and other alternative investments, Morgan Stanley and Envestnet are among firms that already have funds no longer aimed exclusively at “accredited investors.”