Edward Jones gets FDIC’s nod for ILC charter
The approval caps a nearly six-year journey for the investment firm, which aims to launch an industrial bank next year.
https://www.bankingdive.com/news/edward-jones-ilc-charter-fdic-approve-industrial-bank-utah/813515/
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WisdomTree gets SEC approval for 24/7 trading
SEC and FINRA granted the necessary approvals for WisdomTree to launch 24/7 trading and settlement for its tokenized money market fund.
https://www.americanbanker.com/news/wisdomtree-gets-sec-approval-for-real-time-trading
Edward Jones gets green light to launch industrial bank
The financial advisory firm, which first sought an industrial loan charter in 2020, is one of numerous companies that have applied for approval to open such a bank in the past year.
https://www.americanbanker.com/news/edward-jones-gets-green-light-to-launch-industrial-bank
NatWest seals £2.7bn deal to acquire Evelyn Partners
The acquisition includes Evelyn Partners' services and its network of 21 offices, 270 financial planners, and 325 investment managers.
https://www.fintechfutures.com/m-a/natwest-seals-2-7bn-deal-to-acquire-evelyn-partners
Betterment data breach exposes 1.4 million customers
Threat actors likely used "vishing" or voice phishing to compromise IT support at a third-party vendor, believed to be Salesforce.
https://www.americanbanker.com/news/1-4-million-data-breach-betterment-shinyhunters-salesforce
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Illinois bank taps a partner to help launch trust business
20-year-old Signature Bank is to launch a bank-branded trust unit in conjunction with an established trust-company, the $18 billion-asset Midwest Trust in Overland Park, Kansas, as partner.
https://www.americanbanker.com/news/illinois-bank-taps-a-partner-to-help-launch-trust-business
Wells Fargo launches internal proxy voting service
The bank’s investment management arm becomes the second major asset manager to ditch third-party proxy advisory firms for a proprietary service.
Former Citi exec alleges sexual harassment by wealth chief
Ex-Citi executive Julia Carreon is accusing the bank of maintaining a sexually discriminatory culture that ultimately forced her to resign from her job.
https://www.americanbanker.com/news/former-citi-exec-alleges-sexual-harassment-by-wealth-chief
Julia Carreon is suing the bank, alleging she suffered race and sex discrimination, including sexual harassment by Andy Sieg, the bank's head of wealth management. On Tuesday, Citi hit back by filing a petition to compel arbitration and accusing Carreon of making false claims.
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