BATON ROUGE, La. -
"Neighbors is committed to giving its members extraordinary service each and every time they interact with the credit union. It's the Neighbors Way," said CEO Norman Thompson.
More states are providing funding to community development financial institutions, which are contending with hostility from the Trump administration and challenges from high interest rates.
Chicago-based Northern Trust has started its search for a new CFO as David Fox plans to retire in March; the American Fintech Council has been appointed as an observer on the Conference of State Bank Supervisors' newly formed nonbank industry advisory; Wells Fargo has hired JPMorganChase investment banker David Harkin to advise on technology deals, and more in this week's banking news roundup.
A proposal is meant to ensure advisors can trade client assets on a discretionary basis without triggering onerous custody requirements, while also giving them a self-custody option for crypto.
The Independent Community Bankers of America argue in a new lawsuit that the Office of the Comptroller of the Currency is exceeding its statutory authority in granting trust charters to crypto companies.
Apollo's chief economist may be premature on the idea that AI agents will drive people into higher-rate savings products. But he's not that premature.
The economy added just 29,000 jobs in September, far below economists expectations, though the unemployment rate remained steady, indicating softening in the labor market.
