Broker dealers

FDIC board to consider brokered deposit, ILC rules at public meeting


The agency's principals are scheduled to meet Dec. 15 to vote on a new definition for brokered deposits and on regulatory standards for industrial bank parents.


New firm sees opening to provide investment services to community banks


JWTT, created by former Wedbush Securities bankers, says it will use its connections to court business from other investment banks that were recently sold.


Robinhood angered banks. Now it wants to be one


The fintech company, which was forced to rebrand its cash management product last year after misleading marketing caused a backlash, is seeking a national bank charter.


Smaller banks, robo-advisers join forces against brokerages


Copying big banks, smaller institutions are pairing with robos to meet changing mass-affluent preferences in long-term investment products.


Deutsche Bank mulling 20% reduction in U.S. workforce: Report


The German banking giant isn’t targeting a specific level of cuts in the U.S. and the final figure will depend on each business line’s decisions, a source said. The U.S. makes up about one-tenth of its global workforce.


What does a 21st-century Glass-Steagall look like?


The Trump administration’s interest in reinstating barriers between commercial and investment banking is sparking conversations about what such a proposal would entail.