5 ways wealth managers can reduce the tax burden of investments
Taxes can erode portfolio value in ways that add up over time. Explore five active investment strategies that can reduce capital gains tax impacts for clients.
Even without Clarity, crypto is the least of the challenges banks face
The Clarity Act’s failure is a relief for banks that didn’t want even more competition. But the crypto industry wasn’t a major headwind for banks anyway.
Community banks need supervisors’ help in assessing climate risk
Small banks are uniquely vulnerable to local climate disasters, from floods to wildfires to tornadoes. Supervisors should be playing a more active role in helping them identify, measure and manage their risk.
Chris Britt still says banking is broken, but Chime can fix it
Over the last 14 years, Chime has risen from fledgling fintech to a poster-child for what successful bank-fintech partnerships can look like. Now, as the neobank stands on the precipice of owning its own bank, it faces new challenges as it gears up to go toe-to-toe with some of the country’s largest banks.
Fannie servicers can contact consumers about MI cancellations
Bill Pulte, FHFA director, has ordered Fannie Mae to update its servicer guide to mirror Freddie Mac policy regarding notifying borrowers about dropping MI.
New Kitces research pegs the winners and losers in marketing ROI
A new study based on a survey of more than 500 advisory practices by The Kitces Report sheds light on how the fastest-growing firms are spending their marketing dollars.
Under new CEO, Truist is exiting near-prime auto lending
As Truist Financial implements the strategy of Chief Executive Michael Lyons, the bank is dropping near-prime auto lending, a business that it says doesn’t play to its strengths.
Amex accelerates its encroachment on business banking
A high-yield savings account, incentive marketing and artificial intelligence-powered payroll are new additions to a long-standing strategy to lure clients away from fintechs and banks.
Crypto market structure bill fails in Senate vote, 49-50
The Senate failed to invoke cloture on the crypto market structure bill, known as the CLARITY Act, by a vote of 49-50. The procedural vote would have opened floor time for debate on the legislation, and its failure to pass likely means the bill will not be reconsidered until next Congress.
A New Orleans bank opens its doors as de novo pace quickens
Nola Bank is the seventh new institution to open in 2026, with another two set to start in the next few months.