Purchase of investment bank gave US Bank a rapid boost
A breakout month by the company’s newly acquired investment banking subsidiary, BTIG, added nearly $100 million of revenue during the second quarter.
Fed bans former Illinois banker for using inflated appraisals
A one-time chief lending officer for Heritage State Bank has been barred from the industry for signing off on mortgages backed by over-valued appraisals.
The catch in Trump’s new bank cybersecurity hub
Feeding vulnerabilities into Gold Eagle could expose a bank to regulators or lawsuits, a cybersecurity lawyer warns.
SEC pushes private market access, but retail is already in
As the SEC pushes to widen access to private equity, private credit and other alternative investments, Morgan Stanley and Envestnet are among firms that already have funds no longer aimed exclusively at “accredited investors.”
The markets are consistently mispricing private credit risk
Investors in a panic about private credit valuations need to draw a distinction between funds backing AI-threatened software companies and those whose collateral includes the hard assets of frontier AI companies themselves.
How wide is the gender pay gap among financial advisors?
An albeit smaller sample of financial advisors participating in FP’s Compensation Survey nevertheless reflected the industry-wide trend around gender pay gaps.
PNC is latest bank to say costs will rise alongside revenue
In its latest 2026 guidance, the Pittsburgh-based bank predicted an increase in income, but also an uptick in expenses. Much like JPMorganChase, which made a similar revision to its forecast this week, PNC views the two trends as inseparable.
BNY: AI bet is paying off, client impact is ‘measurable’
“Ultimately, adoption and embedding in a company is going to be the differentiator for many firms on whether or not they’re successful with AI,” said BNY CEO Robin Vince.
Bank of America’s Moynihan touts ‘good economics’ of AI
Increased use of artificial intelligence led to revenue growth and productivity gains during the second quarter, the bank’s leaders said.
CSI purchases treasury payments fintech Qolo
The deal is the latest in a series of acquisitions by bank core provider CSI, which is further expanding its offerings for regional and community banks.