ALEXANDRIA-In what proved to be a rare moment of levity during the webinar, one participant asked why NCUA didn't just make the conserved corporates convert to banks, to which NCUA Chairman Debbie Matz laughingly replied, "The FDIC is not stupid, they wouldn't take them."
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.
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.
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.
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.
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.
Banco Santander has completed its purchase of Webster Financial. It plans to take the integration process slowly in order to avoid customer disruptions.
