Ex-Stockton Mortgage employees deny trade secrets allegations

Real-time B2B payments may not be losing to skepticism. They are losing, for now, to payment systems that work just well enough. That is one of the more useful takeaways from the PYMNTS Intelligence report, “Ready and Willing: B2B Payments Are Headed for Real-Time Rails. Here’s How They’re Getting There.” The report finds that instant payments outperform traditional methods…

The default is the State Street SPDR Portfolio S&P 500 ETF at a 0.02 percent expense ratio, CNBC reported, with four other options from BlackRock, Vanguard and State Street.   Bank of New York Mellon manages the initial accounts, and families track balances through an app built with Robinhood.  Return projections deserve a client-expectations caveat.   TrumpAccounts.gov estimates a child who receives only the…

Key insight: The organizers of a Utah de novo bank, Bank of St. George, say the regulatory approval process has been smooth. Travis Hill, chairman of the Federal Deposit Insurance Corp., has been trying to make it easier for new banks to open. Supporting data: Twenty-one groups have filed deposit-insurance applications since the start of…

The Croman name is playing in the Manhattan multifamily sandbox again, but this time the next generation is betting on the winning strategy. Jake and Adam Croman have quietly assembled a portfolio of small apartment buildings across Manhattan, leaning into rent-stabilized assets that much of the market has shunned since the 2019 Housing Stability and…

An inmate at the Brooklyn jail where the Alexander brothers are detained has been accused of allowing other prisoners, including Oren Alexander, to use his contraband cellphone.  Federal prosecutors charged David Motovich, a convicted fraudster and former owner of a lumberyard in Midwood, with possessing an illegal phone in a complaint unveiled earlier this week….

Morgan Stanley wants to bring more tailored investment management tools to independent advisors and recently repositioned its services under an initiative dubbed the “Integrated Firm for RIAs and Family Offices.” The goal is to unify business lines previously siloed across its investment management and institutional equities divisions, and make it easier for RIAs to access…