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As written, new capital standards for U.S. banks fail to account for the additional risk posed by many home loan clients who obtain second mortgages. Fixing the problem will significantly reduce the rule's benefit to banks.

The order stops New York projects at the door. It does not reach the loans and bonds already financing the buildout.

Industry economists and analysts were predicting single digit quarter-to-quarter gains, but a trio of large banks had an over 30% rise in mortgage volume.

The global bank said it's ready to take advantage of opportunities to accelerate investments into its business, with an eye toward achieving longer-term, sustainable growth. Analysts had tough questions about the plans.

The company plans to use the funding to expand its global banking services, including using stablecoins for cross-border payments.

The well above-average advisor graduation numbers, paired with Merrill's recruiting efforts, suggest the wirehouse is serious about adding lots of talent.

Financial Planning's Compensation Survey measured the total pay of hundreds of financial advisors and, perhaps more importantly, the lessons they would share to aspiring planners about forging a successful career.

The Federal Reserve's top regulator said banks should be left to decide their own best uses for emerging technologies.

For the banks involved in the record-shattering IPO, this year's second quarter was marked by a spike in investment banking income.

In his first congressional appearance as Fed chair, Warsh criticized past bailouts and voiced concern over stablecoin risks, without ruling out future intervention.