The Latest

Pinnacle Financial Partners' headquarters is moving to a new 25-story office tower in Midtown Atlanta; New Jersey-based Provident Bank appoints Adriano Duarte to succeed Thomas Lyons as chief financial officer; Binance will shut down services for customers in France, Italy, Spain and Poland after the exchange withdrew its MiCA licence application in Greece; and more in this week's banking news roundup.

The bank is part of a trend of financial institutions trying to streamline a complicated industry that paper has dominated for years.

Speaking at the New York Federal Reserve's Innovation Conference on Friday, New York Department of Financial Services acting Superintendent Kaitlin Asrow said the regulator was interested in maintaining long-standing consumer protections as AI adoption increases.

Banks face conceptual, operational and other hurdles that threaten further adoption of real-time payments.

Five Star Bank near Sacramento plans to expand in Lodi, an agricultural hub in the Golden State's Central Valley region. The lender's growth push comes as the number of farm banks has been shrinking.

U.S. banks have passed the Federal Reserve's stress tests with flying colors, again. It makes you wonder if the stress tests are actually stressful enough.

The bill was one of three filed on Thursday aimed at reforming the two government-sponsored enterprises, all of them from Representative Scott Fitzgerald, a Wisconsin Republican. 

Whether advisors choose individual stocks or not, the SEC's proposal to allow semiannual reporting rather than quarterly could impact clients' portfolios.

Restrictions that limit access to private market investments are harmful to ordinary investors, who are denied better returns. They also seal off a large potential source of funding for long-term infrastructure investments.

Foreign investors are gobbling up tokenized U.S. equities while domestic investors remain unable to take advantage of the opportunities such assets offer. U.S. policymakers need to level the playing field.