Key insight: The proposal would raise the credit limit imposed on insiders for the first time since 1979 and would establish an indexing system to ensure the threshold keeps pace with broader economic growth. Expert quote: “Community banks often face challenges recruiting experienced business leaders to serve as members of bank boards and as bank […]
Advanced nuclear fission developer Oklo (OKLO) reached a major regulatory milestone after receiving official startup authorization from the U.S. Department of Energy (DOE) for its Groves Isotope Test Reactor in Lockhart, Texas. Key Takeaways Oklo received formal U.S. Department of Energy (DOE) authorization to load nuclear fuel and begin startup testing at its Groves reactor […]
Either way, the case for sticking with a PSLF-eligible plan like RAP gets stronger the more payments you’ve already accumulated. It’s worth submitting a PSLF form through Federal Student Aid’s PSLF Help Tool before you decide anything, especially if you’ve never filed one. Without that paperwork on record, your payment count won’t show any progress, […]
LPL Financial returned to recruiting form in the second quarter with a net headcount gain of more than 300 and steep increase in assets from advisors pulled in from elsewhere. Processing Content LPL reported Thursday that it added 331 advisors net through recruiting from April to June, bringing the total to 32,475, while seeing its […]
After a whipsaw end to the month, the stock market’s decline was highlighted by the worst month for chip stocks in 24 years.
Key insight: FDIC and OCC proposed CRA rule changes aimed at curbing grant funding for “activist causes.” What’s at stake: Exams would narrow to focus mainly on lending, dropping deposit services from the retail assessment. Forward look: The proposal is subject to a 60-day comment period once it hits the Federal Register. WASHINGTON — A […]
Better founders, a preferred product, and accelerating demand outweighed the missing business model Listen to the audio version of this article (generated by AI). The greatest investment David Cowan never made was sitting in a garage he was actively trying to avoid. A college friend had rented her garage to two Stanford students building a […]
Wealth Enhancement, a Minneapolis-based independent wealth management firm whose private equity holders are reportedly considering a sale, will acquire registered investment advisor Cloud Investments, according to sources. Cloud Investments will bring three offices to Wealth Enhancement in Huntsville, Florence, and Gadsden, Ala., managing more than $462 million in client assets. The move also further solidifies […]
Tech companies are bringing job candidates back into the office for an extra screening measure: whether they are using AI. Nick Bloom, a Stanford economics professor known for his research on remote work, says AI is undermining the virtual coding tests and interviews that tech firms have long used to assess candidates. “A lot of […]
Bank credit to industry accelerated sharply in June, growing 19.2 per cent year-on-year (YoY), nearly three times the 6.3 per cent growth recorded in the corresponding period last year, driven by broad-based expansion across micro, small, medium and large industries, Reserve Bank of India (RBI) data on sectoral deployment of credit showed. […]