NEW YORK Advest Group Inc., a subsidiary of MONY Group, signed a definitive agreement Tuesday to acquire Lebenthal & Co., a company best known for selling municipal bonds, for an undisclosed price.
Lebenthal, which manages $5.1 billion of client assets, also has an asset management subsidiary which manages three open-ended municipal bond funds, including a taxable muni bond fund.
MONY, which bought Advest in January, expects the Lebenthal acquisition to close this quarter.
The Federal Communications Commission proposed a $4.5 million fine against Voxbeam Telecommunications, which it accused of facilitating fraud scams. Many of the calls spoofed phone numbers belonging to American banks.
New jobs in health care largely drove the gains, while the federal workforce and finance continued to shrink.
The Cincinnati bank's Newline business is now its fastest growing commercial payments segment.
After French authorities stopped a bomb plot against a Bank of America office in Paris, security experts warned banks to step up their preparations for terror attacks.
The largest crypto theft of 2026 hit Drift Protocol after attackers exploited a small security council, putting a spotlight on DeFi vulnerabilities.
The cryptocurrency exchange is the latest digital asset firm to receive a trust bank charter from the Office of the Comptroller of the Currency.
