The top 20 fee-only RIAs ranked by AUM in 2026
The two biggest firms in this year’s RIA Leaders ranking of the largest fee-only financial planning companies each leapfrogged three rivals after the 2025 study.
Democrats sweep Congress, setting up years of oversight for banks
Democrats stunned in the midterm elections, winning races in deep-Red states in a damning rejection of the direction of the country and economy under the second Trump administration.
Swipe fee bill cosponsor Marshall defeated in reelection
Sen. Roger Marshall, R-Kansas, who cosponsored a bill requiring most credit cards to be interoperable on multiple networks, was defeated in his re-election bid Tuesday, another defeat for Republicans in deep-red territory.
Wall Street critic Sherrod Brown heads back to Senate
Former Senate Banking Committee Chair Sherrod Brown, who lost his re-election bid in 2024 to Sen. Bernie Moreno, defeated incumbent Jon Husted and will return to the upper chamber next year.
Roy Cooper flips bank-heavy North Carolina
The victory of the state’s former governor is one of the Associated Press’s early calls of the night.
Bank advocate Andy Barr clinches Kentucky Senate seat
Andy Barr, the chairman of the subcommittee on financial services in the House, won his bid to replace retiring Sen. Mitch McConnell, R-Ky.
Banks moving to provide AI toolkits to small-business clients
Huntington plans to roll out an AI operating system aimed at time-strapped owner-operators. Goldman Sachs is focusing on education and research.
OPay abruptly pulls US IPO as small risk factor derails offering
The Nigerian payments company had priced its initial shares at the bottom of its expected range before calling off the offering.
Nonbank lender OppFi abandons plan to buy a bank
OppFi, a non-bank consumer lender based in Chicago, says it has scrapped its effort to buy North Dakota’s BNC National Bank. The exact reasons were not immediately clear, but OppFi pointed to a lack of clarity from regulators.
Abrigo confirms ‘data security incident’ caused 3-day outage
The company told American Banker the access is contained but did not say whether Sageworks borrower data was taken. Borrower features remain offline.