SAN ANTONIO – Harland Clarke, the new check-printing giant created by the combination of John H. Harland Co. and Clarke American, said it is closing down its manufacturing plant in Dallas and laying off 110 employees there. The lay-offs will take place later this summer. Earlier this month, M&F Worldwide, the investment vehicle for corporate raider Ronald Perelman, acquired Harland for $1.7 billion and is in the process of combining it with its Clarke American unit.
Thought to be the smartest person in the room, Lake's ability to parse data to solve problems drove a ROE of 32% for her unit in 2025.
Larger public companies' high-profile servicing acquisitions tend to get the spotlight, but the two top leaders in the Ginnie MSR market are quieter players currently run as private companies.
In addition to proposing broader access to private market investments for those who pass a test and for CFPs and other credential holders, the SEC also proposed expanding advisors' ability to charge performance-based fees.
Meta's Muse digital assistant and fintechs have drawn lots of attention, but Amex contends it can harness its long history and ample data to train its internally developed artificial intelligence agents.
What can banks learn from developments around consumer-facing apps like Muse about the future norms they will inevitably have to navigate.
As a significantly underrepresented group in the industry, Black planners and other wealth management professionals of all backgrounds have been tapping into the Quad-A network and professional development opportunities for decades.
