Beware of fiduciary missteps when making 401(k) rollover recommendations
A new guide from the CFP Board is meant to help advisors through offering 401(k) rollover recommendations, which can be a tricky area for compliance.
For banks, the silver lining in the bond rout is in the margins
Bond yields are rising as the market’s under duress and the national debt’s crossed the $40 trillion mark; but rising yields aren’t all bad for banks.
Are stablecoins coming for your deposits?
With the CLARITY Act stalled in Congress and GENIUS implementation ongoing, experts are questioning how much of a threat the products pose to bank deposits and services.
Deutsche Bank freed from consent order in 2010s FX scandal
A Federal Reserve enforcement action against Germany’s largest bank was the last of the consent orders remaining from the Obama-era violations. Between 2007 and 2013, foreign exchange traders from six banks conspired to manipulate interest rates.
Stripe beefs up AI as it encroaches on banking
The payments company has acquired artificial intelligence firm OpenRouter in a deal that comes as banks consider strategies for large language models and Stripe is rumored to be in talks to buy PayPal.
Sloppy books, dirty data can undermine RIA sales or mergers
Two experts in mergers and M&A sales explained how and why RIA owners need to clean up their data, get a formal valuation and figure out other technical questions before they make a succession deal.
A tool for finding RIA values — and plenty of ways to boost them
With its Estimated Value Index, the valuation expert FP Transitions seeks to give RIA owners a leg-up in knowing just what their firms can most likely fetch in a sale.
Check-fraud case highlights insider risk for banks
A former Regions Bank employee who’s been banned from the industry was allegedly part of a fraud ring that cost the bank roughly $400,000.
BNY’s Barker on what really concerns clients about AI and payments
Jennifer Barker, the bank’s global head of payments & trade and depository receipts, says people are more worried about the outcome than how transactions occur. That creates a greater bank role for intelligent routing or payment facilitation, where customers automatically get the best option with little work on the front end.
CFTC chair to issue crypto rules if Congress stalls on CLARITY
Commodity Futures Trading Commission Chair Michael Selig said the agency is exploring regulations that would establish clearer rules of the road for crypto exchanges and decentralized finance developers operating in the U.S.