The SEC owes an apology to firms targeted by overzealous prosecutions
Securities and Exchange Commission Chair Paul Atkins’ effort to rein in the agency’s bureaucrats is a welcome move. However, hundreds of firms damaged by unconstitutional prosecutions deserve public exoneration.
It will take more than an AI wand to dislodge bank core providers
Looking at the competitive structure of the core-provider business illustrates why challengers have such a hard time winning business from the big three.
How banks can stay ahead on financial advice in the AI era
Consumers increasingly trust third-party AI tools nearly as much as their own bank, according to recent survey data. Industry experts lay out what banks need to do now to keep their edge.
N.J. bank is in a rare spot: total losses on some C&I loans
A portfolio review initiated by BCB Bancorp’s new CEO, Tom O’Brien, led to a spike in nonaccrual loans at the Bayonne, New Jersey-based bank.
As PE crowds out RIA buyers, here’s what sellers need to know
RIA owners may feel a “moral dilemma” when considering selling their firms to private equity-backed acquirers. But that didn’t prevent PE involvement from reaching a record high in M&A deals in the second quarter.
Zions closes Basis buy, expanding agency multifamily
The deal bolsters Zions’ ability to serve multifamily customers and creates a natural extension of its affordable housing lending program, management said.
What Visa’s $2.4B BioCatch deal means for your bank
The card network is buying behavioral fraud detection already running at three of the four largest U.S. banks, including Wells Fargo.
How trust protectors can safeguard grantors’ intents
Trust protectors can help protect against irresponsible trustees and other dicey situations that could put grantors’ wishes at risk, estate lawyers say.
Mariner’s massive AI bet splits the firm into ‘experience’ and ‘execution’
In a webinar last week, Humanity Labs CEO Andrei Pop discussed “the transformative power” he said Mariner’s new AI workforce will bring to the firm.
Anthropic’s model breakout another wake-up call for banks
The frontier AI model provider confessed its agents broke out of their sandboxes three times to attack other companies’ systems. The incidents are a warning for banks to remain vigilant while embracing the new technology.