Kraken first crypto bank to get ‘skinny’ Fed master account
Kraken Financial Approved for Limited-Purpose Master Account by Kansas City Fed The Federal Reserve Bank of Kansas City recently made a landmark decision by approving a limited-purpose master account for Kraken Financial. This approval allows the cryptocurrency exchange to directly access the central bank’s payment network, making Kraken the first digital asset bank to do […]
Wells Fargo indie channel picks up $1.7B UBS team
Wells Fargo Continues Recruiting Success In another recruiting victory for Wells Fargo, a seven-advisor team has made the move from UBS to join the firm. Snow Pine Private Wealth, previously managing $1.7 billion at UBS, has now joined Wells Fargo in Wayzata, Minnesota, just west of Minneapolis. Meet the Snow Pine Private Wealth Team The […]
Why a target school really matters when applying to banking internships
The Importance of Target Schools in Banking Careers If you’re interested in pursuing a career in banking, you’ve likely come across the concept of “target schools” that banks prefer to hire from. But what exactly does this mean and how does it impact your chances of securing a job in the industry? Insider Insights from […]
OCC finalises rules to ease compliance for community banks
In a recent development, the Office of the Comptroller of the Currency (OCC) has finalized two rules aimed at reducing compliance requirements for community banks. This move is part of the OCC’s strategy to align supervision and regulation more closely with the risk levels of individual banks. Revoking the Fair Housing Home Loan Data System […]