Goldman Sachs to acquire ETF provider Neos in $2.3 billion deal
The cash-and-equity deal will add a fast-growing ETF issuer to the Wall Street giant’s roster of offerings.
Humid July CPI report puts pressure on Fed to hike
The consumer price index ticked up last month, bolstering arguments about broad based inflation and raising the odds of a rate hike next month.
Here are 3 major misconceptions about the Home Loan banks
The Federal Home Loan Bank System is a vital part of the country’s housing market, but over the years, misunderstandings and misleading statistics have muddied the picture when it comes to assessing their importance.
Planned FDIC standards for tech vendors may help small banks
The banking regulator is in early discussions with trade groups to build an organization for certifying tech providers that pass voluntary due diligence checks.
Credit unions win round against Snowflake in data breach case
Santander’s employee data was breached. Credit unions that were never breached are suing over the cards they had to reissue.
2 AI platforms tackle the headaches of client, advisor moves
Dispatch and NetLaw target two different kinds of relocation friction. One for advisors switching firms, one for clients crossing state lines.
Despite private market concerns, advisors and clients are undeterred
A survey from the investment marketplace iCapital suggests that concerns about private credit have not derailed advisors’ growing desires to place more clients in alternative investments.
An impact investor’s case against ‘zero-sum thinking’
Roy Swan of the Ford Foundation said the simplest implication of his new book may be a nudge toward donor-advised funds. But he argues for a deeper examination of popular assumptions around figures like Adam Smith and Milton Friedman.
States sue OCC over mortgage escrow interest pre-emption
A 10-state coalition is asking a federal court to put a halt to the OCC’s rules which pre-empt laws on banks paying interest on mortgage escrow deposits.
Bank of America, JPMorgan Chase join new Swift framework
The two banks are among the early bank adopters of a Swift standard that’s designed to support near instant payments and serve as an alternative to stablecoins.