When clients hide money, advisors must walk fine lines
Advisors share the types of financial infidelity and secrecy they have seen in couples, and how they approached the money misbehavior.
Ex-CFPB official nominated to lead NJ consumer affairs
Christopher Peterson, a law professor at the University of Utah and former senior advisors at the Consumer Financial Protection Bureau, is the latest top hire for a Democratic state stepping up consumer protection.
FirstSun’s boosts outlook on impact of First Foundation deal
The Denver-based bank scaled back its estimate of tangible-book-value dilution resulting from the First Foundation deal to 10%, down from the 14% figure projected in October.
Happen’s earnings beat relied on a disappearing source
The bank released reserves it no longer needed because credit outperformed. An accounting switch means that line runs close to zero by the fourth quarter.
Community banks push back on Fed’s ‘skinny’ account proposal
More than two dozen community banks submitted letters to the Federal Reserve expressing concern that its proposed “skinny” payment account framework could put them at a competitive disadvantage.
SLATs offer advantages for the ultrawealthy — but beware matching trusts
Ultrawealthy clients looking to reduce taxable estates might consider spousal lifetime access trusts, but too-similar dual trusts can backfire.
Amid UBS probe, Grassley asks Trump to declassify Nazi files
The GOP senator’s push comes as UBS continues withholding records tied to predecessor Credit Suisse’s World War II-era dealings.
PayPal leaves door open for acquisition after Stripe reports
CEO Enrique Lores acknowledged interest in the payment company, saying that while PayPal remains focused on its revenue-generating plan, it is “open and objective” about the path forward.
Your bank’s cyber insurance policies are a minefield of uncertainty
The policies most community banks rely on for cyber liability, fidelity bonds and directors and officers insurance are full of overlapping exclusions, restrictive coverage sublimits and vague specifications. That can become an expensive problem.
Warsh and Peace: Iran tensions, bond market complicate Fed outlook
Heading into this week’s Federal Open Market Committee meeting, the Fed’s core indicators are painting a different picture of the economy than real-time measures, injecting more uncertainty into Wednesday’s FOMC meeting than usual.