Fidelity Investments said it had started a research institute Wednesday.
The institute is to focus on research, communications, and intellectual outreach to academic experts, other research groups, and policy think tanks, the Boston fund giant said. It will issue research reports on emerging issues, play host at seminars within and outside Fidelity, meet regularly with other opinion-shaping institutions, and hold an annual conference to showcase emerging ideas and solutions to financial challenges.
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The customer-sourced investment will continue to support the digital banking provider's AI and digital loan origination initiatives.
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Banks are posting record profits, benefitting from being in the middle of a hot credit cycle. Everything is going their way. The only question is, how long can it last?
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A coalition of 20 state attorneys general, most of them Democrats, is opposing efforts by the high-cost lenders Enova International and Opportunity Finance to acquire banks. The state AGs warn that the companies are trying to dodge state interest-rate caps.
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FINRA's annual snapshot shows how the wealth industry is changing, from key business metrics and marketing trends to shifts in registration and a shrinking branch footprint.
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The regional bank revealed plans Thursday to close most of its supermarket-based branches and replace about half of them with new, nearby standalone branches. The multiyear transition could attract $20 billion to $30 billion in low-cost deposits, executives said.
July 16 -
The bank regulators say they will limit the sending and storage of highly sensitive supervisory information, including by using alternatives such as on-site reviews and requiring notifying banks of data compromises within 72 hours.
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