When charitable remainder annuity trusts can be worth the risks
Charitable remainder annuity trusts can be helpful, but advisors should be careful to follow new guidance issued by the IRS and U.S. Treasury Department.
Unlocking the Invisible Prime Borrower
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Fed cracks down on theft at banks
The central bank banned two former bankers from the industry for misappropriating funds from elderly customers.
Banks fear SEC rule may limit access to capital markets
The American Bankers Association, Bank Policy Institute and Securities Industry and Financial Markets Association submitted comment letters to the Securities and Exchange Commission arguing that a proposed change to Form S-3 eligibility would make it more difficult for some banks to access the capital markets.
Beyond token-maxing: How U.S. Bank AI chief navigates costs
Prashant Mehrotra says he runs AI use case ideas through a disciplined framework before proceeding.
The AUM of RIAs is soaring. But what about new clients?
SEC data compiled by Paithos Research suggests that the massive growth of RIAs looks much different when compared to their small net new clients.
How Mastercard plans to compete in agentic commerce
Banks, fintechs and card networks are vying for a share of revenue from the new form of artificial intelligence. Mastercard CEO Michael Miebach contends his firm has the tools in place and a product pipeline to take advantage.
Digital money can be a fraud-fighting tool
Digital currency can be tracked and if stolen “burned,” then reminted and given back to its rightful owners. That could be a powerful anti-fraud tool.
It’s time for community banks to break free of ‘core’ limitations
Community banks have long been reliant on — and constrained by — a handful of core-banking technology vendors. But enterprise artificial intelligence licenses offer the chance to transcend those limitations.
How a $10M check-fraud ring in Bronx exploited the homeless
Prosecutors say a Bronx crew recruited homeless people and walked them into branches to open accounts. The controls it beat were mostly human ones, standing at a branch counter.