Proposed bank capital rules could deepen private credit ties
Several proposed updates, including lower risk-weight floors for certain securitizations and corporate loans, could make it more attractive for banks to finance or hold certain private credit-related assets, experts say.
Fed’s Barr: ‘further policy adjustments are likely’
Federal Reserve Gov. Michael Barr appears to be among the majority of monetary policymakers who foresee at least one more rate hike before the end of the year.
UBS holds steady on 2027 advisor pay
UBS wants to keep its advisors happy and in their seats. As a result, its 2027 compensation policies avoid the usual grid-update mixture of “good news, bad news.”
Banks should be required to explain the reason for an account closure
U.S. regulators have made it clear that banks have the discretion to explain account closures, short of disclosing the existence of a suspicious activity report filing. They should make it mandatory.
AI might be in its bubble phase. How exposed are banks?
Banks are playing a key role in financing the buildout of artificial intelligence. If the industry falters, they will have much to lose — and that would be bad news for the global economy.
LPL complaint asks: Who do recruiting firms’ lawyers owe loyalty to?
Industry lawyers and experts say the latest wrinkle in a long-running LPL-Ameriprise recruiting dispute shows why advisors should strongly consider retaining their own legal counsel when changing firms.
After year of rapid growth, Ohio bank revamps its top ranks
First Financial Bancorp in Cincinnati named Chief Financial Officer Jamie Anderson as president. The move positions Anderson as heir apparent to CEO Archie Brown, according to one analyst.
Judge adds credit unions to Illinois swipe fee injunction
A federal judge said recent preemption rules from the National Credit Union Administration would bar Illinois from enforcing its interchange fee restrictions against federal credit unions.
45% expect to claim Social Security before full retirement age: Schroders
Nearly half of respondents reported plans to claim benefits early, with many citing fears about the health of the Social Security program.
Ex-CEO of failed bank sentenced for sanctions evasion
The former top executive at Nodus International Bank in Puerto Rico was sentenced to more than nine years in federal prison after he pleaded guilty to Venezuela sanctions evasion and wire-fraud conspiracy.