Why one bank is determined to reincorporate in Texas
Dallas-based Texas Capital Bank will try for a second time to win shareholder support to switch its state of incorporation from Delaware to the Lone Star State, according to CEO Rob Holmes. If it succeeds, it will join a growing list of companies choosing the same path.
Should a bank ever be liable when a customer gets scammed?
A 76-year-old PNC customer lost almost $400,000 to a scam involving gold coins and a fake bill for Norton Antivirus protection. Can the bank be held accountable for failing to help him?
Visa says AI is helping to enable workforce cuts
The card network is cutting 7% of its staff, with management saying artificial intelligence-driven efficiency and faster technology development is part of the reason.
When clients hide money, advisors must walk fine lines
Advisors share the types of financial infidelity and secrecy they have seen in couples, and how they approached the money misbehavior.
Ex-CFPB official nominated to lead NJ consumer affairs
Christopher Peterson, a law professor at the University of Utah and former senior advisors at the Consumer Financial Protection Bureau, is the latest top hire for a Democratic state stepping up consumer protection.
FirstSun’s boosts outlook on impact of First Foundation deal
The Denver-based bank scaled back its estimate of tangible-book-value dilution resulting from the First Foundation deal to 10%, down from the 14% figure projected in October.
Happen’s earnings beat relied on a disappearing source
The bank released reserves it no longer needed because credit outperformed. An accounting switch means that line runs close to zero by the fourth quarter.
Community banks push back on Fed’s ‘skinny’ account proposal
More than two dozen community banks submitted letters to the Federal Reserve expressing concern that its proposed “skinny” payment account framework could put them at a competitive disadvantage.
SLATs offer advantages for the ultrawealthy — but beware matching trusts
Ultrawealthy clients looking to reduce taxable estates might consider spousal lifetime access trusts, but too-similar dual trusts can backfire.
Amid UBS probe, Grassley asks Trump to declassify Nazi files
The GOP senator’s push comes as UBS continues withholding records tied to predecessor Credit Suisse’s World War II-era dealings.