New Kitces research pegs the winners and losers in marketing ROI
A new study based on a survey of more than 500 advisory practices by The Kitces Report sheds light on how the fastest-growing firms are spending their marketing dollars.
Under new CEO, Truist is exiting near-prime auto lending
As Truist Financial implements the strategy of Chief Executive Michael Lyons, the bank is dropping near-prime auto lending, a business that it says doesn’t play to its strengths.
Amex accelerates its encroachment on business banking
A high-yield savings account, incentive marketing and artificial intelligence-powered payroll are new additions to a long-standing strategy to lure clients away from fintechs and banks.
Crypto market structure bill fails in Senate vote, 49-50
The Senate failed to invoke cloture on the crypto market structure bill, known as the CLARITY Act, by a vote of 49-50. The procedural vote would have opened floor time for debate on the legislation, and its failure to pass likely means the bill will not be reconsidered until next Congress.
A New Orleans bank opens its doors as de novo pace quickens
Nola Bank is the seventh new institution to open in 2026, with another two set to start in the next few months.
How to apply for the Best Places to Work in Fintech 2027
The annual ranking showcases financial technology companies that receive high marks from their employees.
Matt Jones nominated by White House to be FHA commissioner
It will be a promotion for Jones, currently the deputy assistant secretary for single-family housing at the Department of Housing and Urban Development.
Wyoming bank has been offline a week due to cyber incident
Seven of eight offices are open; debit cards are capped at $1,000 a day; and the bank’s website is down. The bank has given no restoration date.
Retirement vs. kids’ college — helping clients with tough savings choices
Advisors discussed how they guide clients through the competing priorities of saving for their own retirements versus their children’s college educations.
Warsh’s push to pare back Fed communications has real limits
While Federal Reserve Chair Kevin Warsh has sought to inject some mystery into the central bank’s communications with markets, an American Banker analysis shows that officials other than the chair have been speaking more and more frequently over the last few decades.