When vibe coding goes wrong: The risks advisors can’t ignore
As advisors rush to build their own AI tools, experts warn that guardrails need to cover data going in, not just data going out.
BVNK and Marqeta dangle a payments lure for stablecoins
The digital asset and card-issuing firms are supplying the guts to enable transactions for cards and digital wallets, betting that Mastercard’s ties to both firms will be attractive to banks, consumers and merchants.
First Citizens deepens presence in Midwest, Great Plains
North Carolina-based First Citizens BancShares completes its acquisition of 138 branches across 11 states; City National Bank appoints Chad Lloyd senior vice president and head of RBC U.S. Mortgage; London-based payments processor Checkout.com launches its U.S. subsidiary in Georgia; and more in this week’s banking news roundup.
Opportunity zone revisions give advisors a new tool for clients with big gains
Advisors can leverage the updated opportunity zone program, starting in January, to help ultrahigh net worth clients defer capital gains.
Press Release: Joint Readout of Principals’ Meeting of UK and U.S. Authorities Regarding Central Counterparty Resolution
PRESS RELEASE | SEPTEMBER 11, 2026 Joint Readout of Principals’ Meeting of UK and U.S. Authorities Regarding Central Counterparty Resolution WASHINGTON—Senior officials from the Bank of England, Federal Deposit Insurance Corporation, Commodity Futures Trading Commission, Securities and Exchange Commission, and Federal Reserve Board convened for a tabletop exercise on September 3, 2026, to discuss certain […]
Regulators propose new guidance on core providers
Bank and credit union regulators proposed a rule that would apply more supervisory oversight to core service providers, saying the firms sometimes provide little transparency to banks and can disrupt due diligence processes.
Lenders see robust jumbo market despite tightening credit
The decrease in jumbo availability accounted for much of the drop in the latest mortgage credit index, as conforming and government offerings were unchanged.
Press Release: Agencies Seek Comment on Proposed Third-Party Risk Management Guidance and Issue Statement on Community Bank Engagement with Core Service Providers
PRESS RELEASE | SEPTEMBER 11, 2026 Agencies Seek Comment on Proposed Third-Party Risk Management Guidance and Issue Statement on Community Bank Engagement with Core Service Providers WASHINGTON—Today the Federal Deposit Insurance Corporation, the Federal Reserve Board, the National Credit Union Administration, and the Office of the Comptroller of the Currency (collectively, the agencies) requested comment […]
As banks’ AI use evolves, core truths about the business still apply
Artificial intelligence tools will certainly change the way the banking industry operates, but they won’t eliminate the need to build your business on a firm foundation of care for employees, customers and shareholders.
Modest CPI reading gives Fed no clear direction on rates
The consumer price index rose 0.4% last month, in line with July’s reading. For a monetary policy committee that has been split on inflation, the inconclusive report will compel the Fed to make a call on whether to raise interest rates or stay put.