Morgan Stanley rushes to check fallout after deal list leak
The leak has gripped Asia’s investment banking industry this week after one of Morgan Stanley’s top bankers accidentally sent an email to some clients containing a list of more than 100 deals the Wall Street firm was working on and monitoring.
Fed’s Williams says more work needed to lower inflation
The President of the Federal Reserve Bank of New York Thursday morning said that another rate hike by the end of the year would be a “reasonable” expectation, depending on how economic indicators come in over the coming months.
A great crypto shakeout is under way as the industry matures
Crypto is entering its “institutional era” as tokenized assets and stablecoins gain wider adoptions. The trade-off is that only companies that offer real utility to established institutions in the market are likely to survive.
Rising gas prices will hammer already fragile consumers
Gas prices are rising as a large swath of consumers are already under pressure, which could eventually affect demand for credit.
Consumers’ financial vulnerability hits record high: Report
The share of American households considered “financially vulnerable” rose to 17%, the highest level since at least 2018, according to the nonprofit Financial Health Network.
U.S. Bank tops mobile banking ranks for third straight year
The bank was determined, by multiple industry rankings and experts, to be the best mobile banking provider in the U.S.. Bank of America took second place.
Why potential RIA successors walk away — and how to keep them
Succession planning experts say that the possible next generation of RIA owners need clear communication, tangible career paths and thoughtful compensation plans. But that is often easier said than done.
Canada’s biggest banks team up on tokenized deposits
The move came 12 days after Canada’s bank regulator said tokenized deposits are not legally distinct from ordinary deposits.
Are banks falling behind on agentic commerce standards?
Bank of America, Capital One and other large banks have teamed up to publish a set of principles for agentic commerce. But the call for a set of standards from banks comes as other fintechs and payment companies are already forging ahead with the technology.
Texas bank looks to grow in NM by buying Albuquerque lender
WestStar Bank of El Paso is acquiring Albuquerque’s Southwest Capital Bank, bringing it six new branches in New Mexico.