Keep, rent, gift or sell? Second-home tax creates ripple effects in planning
New York City’s new pied-à-terre tax is prompting financial advisors to help wealthy clients reassess their options, from residency status to estate plans.
Fed’s Hammack still favors hikes after weak jobs report
One of three Federal Open Market Committee members to vote for a higher federal funds rate last month, the Cleveland Fed president is undeterred by the labor force decline in July.
With banks tapping EWA, rival fintechs cast a wider net
As more traditional financial institutions turn to short-term liquidity offerings to meet growing consumer demand, legacy earned wage access providers are hoping to get their products in front of more employers – and their employees.
Where to find prime credit borrowers who pay up for homes
The average down payment across the list was 17.1%, well above 13.1% nationally, and the median credit score was 766, compared with 747 countrywide.
Fiserv, FIS pressured to sell parts of businesses
After years of acquisitions and spin-offs, the bank technology vendors are under pressure to sell parts of their businesses.
FDIC introduces contingent approval for de novo applicants
The agency will give qualified new-bank applicants a contingent authorization within 120 days of applying, with an additional year after that to organize the bank before final green-light.
Record home equity masks troubling rise in underwater loans
The new record arrives after five months of annual home-price growth, which surged to its highest in more than a year, according to ICE Mortgage Technology.
What RTP and FedNow rule changes mean for cross-border payments
Amid competition for international transfers, the U.S. is taking baby steps to facilitate faster, more efficient transactions.
Edward Jones profit soars 25% on client flows, asset appreciation
Edward Jones financial advisors helped the firm reel in $17.7 billion in net new assets in the second quarter. And another recent filing gave clues about the firm’s upcoming planned changes to equity stakes.
Press Release: FDIC Announces New Review Process for Deposit Insurance Applications
PRESS RELEASE | AUGUST 10, 2026 Press Release: FDIC Announces New Review Process for Deposit Insurance Applications WASHINGTON—The Federal Deposit Insurance Corporation (FDIC) today announced a new two-phase process the agency will use to review new deposit insurance applications. The new procedures are intended to encourage new bank formation, accelerate the speed of the review […]