OGDEN, Utah – Members of Goldenwest FCU got some help with their Christmas shopping this week– a one-time bonus dividend. The pre-Christmas payout represents an additional 5.75% paid for the month of December, based on the average daily balance of shares held during 2006. With a monthly dividend rate of 1.41% already declared for December, the special bonus will bring that up to 7.16%–a total of $575,000.
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?
A survey of community bankers found broad concern that the emergence of stablecoins will result in deposit outflows and reduced lending capacity.
