Exclusive: Sen. Britt to introduce GOP-led indexing bill
A new bill introduced by Sen. Katie Britt, R-Ala., would boost efforts to index bank regulatory thresholds in the Senate Banking Committee, where most of the focus to date has been on stablecoin and crypto.
Banks batten down the hatches for rogue AI agent swarms
As AI agents become more collaborative, creative and fast, banks need to defend themselves.
NJ bank’s losses to mushroom as loan cleanup accelerates
BCB Bancorp says red ink may top $130 million in the third quarter, as its new CEO moves to address credit-quality issues.
Financial plans don’t always instill confidence. Here’s what advisors can do
Surveys from Fidelity and Edward Jones suggest that even clients with comprehensive plans and wealth don’t always feel good about their financial future.
Overheated data center knocked 23 credit unions offline
Nine months before the outage, the NCUA told a federal council it may no longer need the authority to examine vendors like the one that failed.
One year after formation, Beacon Financial names new CEO
The Boston-based bank, created last year through a merger of equals, appointed Sean Gray as its next CEO. Gray’s predecessor informed the company last week of his plans to retire.
Inside Mastercard’s push to bring digital wallets together
The card network’s Wallet Pay is designed to make apps interoperable and available on its merchant network. It’s the latest of several moves from Mastercard and Visa that aim to attract banks and merchants into the digital wallet market.
Claude has entered the chat. Will tens of thousands of RIAs reply?
Anthropic lined up some of the biggest names in the industry for the rollout of Claude for Financial Advisors. But whether the tool is “revolutionary” or “just another integration,” the hard work is just beginning for the AI firm and for its sole custody partner, Schwab Advisor Services.
The estate-tax trap that lurks below the federal exemption
State-level estate taxes can be imposed at much lower thresholds. From domiciles to the timing of moves, here’s what financial advisors should keep in mind.
As fintechs nab bank charters, what’s happening to BaaS?
The banking-as-a-service business model has for more than a decade counted fintechs as its bread-and-butter clients, but as those same fintechs secure their own banking charters, some sponsor banks are narrowing their focus.