The Fed should finally admit that deregulatory tailoring failed
Three years after the collapse of Silicon Valley Bank, a new report on the bank failure reminds us that the conditions leading to its failure were made possible by decisions made by the central bank’s board.
Post-Chevron landscape gives trust bank challengers the edge
A bank-led challenge to the Office of the Comptroller of the Currency’s interpretation of the National Bank Act threatens to undermine 21 national trust charters granted in recent years. The Supreme Court’s decision to end Chevron deference makes the plaintiffs’ argument easier.
Beware the AI sycophant and ‘cognitive surrender’
Research shows artificial-intelligence programs bolster bad decisions and reduce diversity of thought, posing risks to banks’ culture and governance.
3 ways RIAs can respond to Fidelity’s new $100M minimum
RIAs that custody less than $100 million with Fidelity have several options to choose from before being forced out of the firm next year. None of them is necessarily easy.
AI-linked hacks hit Korean banks through loan-agent sites
Attackers suspected of using AI got into Korean banks through side doors. The apparent failures were ordinary cyber hygiene, the kind U.S. regulators keep naming.
With $74M in growth capital, can RQD boost its RIA custody business?
While it isn’t a household name in most U.S. wealth management circles, RQD* Clearing just drew a substantial growth investment on the basis of its international clearing business. Can that translate to more stateside RIA relationships?
Majority of community banks express concern over stablecoins
A survey of community bankers found broad concern that the emergence of stablecoins will result in deposit outflows and reduced lending capacity.
FDIC’s Hill defends supervision and merger reforms
Federal Deposit Insurance Corp. Chair Travis Hill said Tuesday that regulatory changes to bank supervision and M&A rules are meant to improve safety and soundness rather than water down oversight.
How Meta’s Muse aids Intuit’s push into small business banking
Embedding the social network’s agentic AI tool into Quickbooks provides fast access to financial services and payments for entrepreneurs.
Fed’s Bowman unveils major overhaul of its bank supervision
The Federal Reserve is restructuring bank supervision into five regions, following state lines, and putting one regional leader in charge. It’s also planning to revise regulatory thresholds so that banks will need to be bigger before tougher standards kick in.