Fintech investment continues to focus on large private deals
As the fintech IPO market is on pause and the total number of deals decreases, select firms are still collecting sizable equity checks from private investors.
SEC sues three ex-Tricolor executives over bond fraud
The agency says the subprime auto lender pledged the same car loans to several lenders and bond deals at once, leaving investors owed about $945 million.
However worried you are about AI deepfakes, you’re not worried enough
Most Americans have been at least targeted by fraudsters, and as AI technology gets better the frauds are going to be harder to stop.
Undefined ‘material financial risk’ in CAMELS rule draws fire
Banks, credit unions and supervisors told the Federal Financial Institutions Examination Council that the legal ambiguity of “material financial risk” in the agency’s supervisory rating proposal will create problems for banks and regulators down the road.
4 ways RIAs can respond to Schwab’s higher asset floor for client referrals
Industry consultants recommend steps RIAs in Schwab’s referral network can take if they’re worried about competition for clients.
Three simple steps for banks to measure AI’s ROI
T-shaped teams help banks measure AI impact by defining outcomes upfront, tracing results to AI and rolling them into business impact at the enterprise level.
Despite White House push, crypto bill’s window is closing
President Trump lobbied again for Congress to pass the CLARITY crypto market structure bill, but paths toward this Congress doing so are treacherous with few legislative days left.
What small businesses want from their banks’ AI
As banks consider how to expand relationships by selling new uses for artificial intelligence, getting clients to trust the innovation is a major challenge.
Veteran banker has a plan to roll up small Texas lenders
Jeff Kesler leads a firm that recently struck a deal to acquire a small bank in Palmer, Texas. Kesler says he’s on the lookout for other Lone Star State banks to buy.
With deal costs up, could AI make recruiting a bad bet?
As analysts raise concerns that AI could undermine the economics of generous transition deals, executives at Ameriprise, Stifel and Raymond James wonder if firms are paying too much to recruit advisors.