ALBANY, N.Y. – Three credit unions will receive a total of $360,000 targeted for women and minorities under New York’s Empire State Development program. The grants will help the credit unions make more loans to women and minority-owned businesses. The credit unions are: Alternatives FCU, in Ithaca; Syracuse Cooperative FCU and Bethex FCU, in the Bronx.
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.
Research shows artificial-intelligence programs bolster bad decisions and reduce diversity of thought, posing risks to banks' culture and governance.
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.
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.
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.
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?
