Daily Edition

Bankers are largely downplaying the impact of the Federal Reserve's interest rate increase. Some said this week that the quarter-point hike could be good for near-term profitability.

With three years of market appreciation buoying most advisors' revenue generation, Morgan Stanley says: Produce a bit more or see a small pay cut.

Credit Acceptance Corp. has agreed to provide $710 million in restitution and debt relief to resolve allegations of predatory lending by 41 state attorneys general.

The South Korean automaker's credit card subsidiary completed two proof-of-concept transactions that used stablecoins to move funds between subsidiaries in the U.S. and Mexico without a bank. Next, Hyundai Motor will test if the technology can be used as the backbone of its global treasury infrastructure.

Brokerages applaud a new rule that will relieve them of the obligation to monitor advisors' side gigs such as driving for Uber or bartending. But regulators say they still have plenty of obligations to monitor outside business activities.

The Securities and Exchange Commission on Thursday issued an order allowing some tokenized U.S. stocks to be traded on blockchain-based platforms.

Now that regulators have failed to approve a controversial merger deal, the question is whether the buyer will have to pay a hefty fee to the seller.

Regulatory hurdles made starting a new bank harder after 2008, but research suggests the decades-long decline in de novos goes back further and that even a sharp deregulatory push won't lead to a rebound to precrisis levels of de novo applications.

A pair of proposals issued by the Federal Deposit Insurance Corp. Thursday would create new merger processing timelines and extend national-bank preemption to certain out-of-state, state chartered bank activities.

The Securities and Exchange Commission said Rule 14a-8 exceeds its statutory authority and intrudes on matters of state law. Shareholder advocacy groups, however, argue that repealing the rule could reduce transparency.

Brian Johnson's nomination to lead the Consumer Financial Protection Bureau advanced to the full Senate Thursday morning in a party-line vote.

Lenders fronting the money for massive arrays of AI-friendly semiconductors have no visibility into their actual output. That could change with better reporting standards modeled after the energy industry.

Visa and Mastercard have released products designed to manage AI agent risk, and are also working with Ant International on a shared know-your-agent protocol.

Osaic expected advisor departures during its massive consolidation of nine separate broker-dealers within its corporate structure. But CEO Jamie Price says the effort positioned the firm well for a future liquidity event. Here's how the independent broker-dealer is rebuilding.

Foreclosure rates were highest in the region, and nationwide, completed repossessions also saw a significant jump, according to Attom.