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The latest global news and analysis in payments, retail, fintech, financial services and the digital economy.
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- Aug 15, 2026earliest in window
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News
FDIC Deposit Rule Gives Banks More Room for Business Cash
1+ week, 2+ day ago (358+ words) The FDIC has substantially raised the amount of reciprocal deposits that qualifying banks can hold under the statutory exception from brokered-deposit treatment. The change gives qualifying banks more capacity to accept reciprocal deposits, including deposits associated with businesses holding balances…...
Vanguard Acquires Altruist to Expand Advisor Reach With Tech
2+ week, 4+ day ago (338+ words) The companies have entered into a definitive agreement for the acquisition, and they expect the transaction to close later this year, subject to customary closing conditions, according to the release. Upon the closing of the transaction, Altruist will operate as…...