Amid UBS probe, Grassley asks Trump to declassify Nazi files
The GOP senator’s push comes as UBS continues withholding records tied to predecessor Credit Suisse’s World War II-era dealings.
PayPal leaves door open for acquisition after Stripe reports
CEO Enrique Lores acknowledged interest in the payment company, saying that while PayPal remains focused on its revenue-generating plan, it is “open and objective” about the path forward.
Your bank’s cyber insurance policies are a minefield of uncertainty
The policies most community banks rely on for cyber liability, fidelity bonds and directors and officers insurance are full of overlapping exclusions, restrictive coverage sublimits and vague specifications. That can become an expensive problem.
Warsh and Peace: Iran tensions, bond market complicate Fed outlook
Heading into this week’s Federal Open Market Committee meeting, the Fed’s core indicators are painting a different picture of the economy than real-time measures, injecting more uncertainty into Wednesday’s FOMC meeting than usual.
RIAs lose 5% of AUM a year. Here’s how to win it back
Research from Cerulli Associates indicates that marketing and referrals are the best ways to bring in new clients. Yet few firms devote much time or money to either.
Rent fintech Flex is latest firm to ask for a bank charter
The parent company behind Flex Rent submitted applications to state and federal regulators for an industrial loan charter and deposit insurance.
One bank’s pitch to potential depositors: Do well and do good
Climate First Bank’s fast-growing loan portfolio is creating the need for additional funding. In response, the Florida bank is rolling out a checking account that pays a high yield and also sends money to a nonprofit organization chosen by the customer.
Second-lien issuance expected to reach $41 billion this year
So far this year, the volume of closed-end second and home equity line of credit securitizations is near last year’s $29 billion, Bank of America Securities said.
How Citizens is placing its bets in digital assets
For banks, getting ahead in the digital asset race may be less about picking a winner and more about playing the field.
‘Tokenized dollars will obviate the ACH’: Caitlin Long
The founder and CEO of Custodia Bank believes most demand deposits in the U.S. will be tokenized.