Ex-TD Bank employees sentenced in money-laundering scheme
Two former mid-level employees at the Toronto-based bank received U.S. prison sentences for their roles in funneling nearly half a billion dollars through TD accounts.
Samsung launches Galaxy credit card to rival Apple Card
Samsung is taking a page from Apple’s playbook and launching its own, digital wallet-native credit card with Barclays and Visa as the South Korean electronics company looks to expand digital services. It is Samsung’s first credit card in the U.S.
Republicans ask CFPB’s Vought how to curb agency’s power
At a House hearing last week, GOP lawmakers asked Russell Vought, the acting director of the Consumer Financial Protection Bureau, for advice on how to craft legislation to permanently change the CFPB’s authority. The hearing highlighted a consensus among Republicans that administrative policy rollbacks are not enough.
When wealthy clients don’t trust heirs with the money
Advisors have a role to play in facilitating the great wealth transfer, and some wealth owners are uncertain about whether heirs are ready.
Managed accounts ramping up tax alpha services: Cerulli
Even more than access to alternative assets and simplified platforms, advisors are looking to outside account providers to help them manage clients’ taxes.
Why advisors are closely watching Dimensional’s next move
The firm isn’t discussing the news reports suggesting it’s for sale. Here’s how it has built such a close relationship with so many planners over the years.
Trump’s trade war targets Brazil’s payment rail
New tariffs set for Wednesday cite the country’s subsidized Pix network, which supports a large swath of transactions and has raised anti-competition objections from Visa and Mastercard.
Congress has leveled the deposit playing field for community banks
The new law’s reciprocal and custodial deposit provisions recognize what the evidence has shown for two decades. They should spur, not substitute for, the broader work of protecting America’s depositors.
What comes next for the Fed’s regulatory independence?
The Supreme Court may have allowed the central bank to chart its own course on bank oversight for now, but discrepancies between two recent rulings set the stage for challenges.
Kansas bank becomes second in a week to fail, fourth this year
Small Business Bank in Kansas failed on Friday, the second failure in a week and the fourth failure overall in 2026.