The Latest

The White House’s ambition to bring new oversight to the banking industry and reverse Trump-era deregulation was dealt a blow when Sen. Joe Manchin of West Virginia said he would oppose Sarah Bloom Raskin's nomination as the Federal Reserve's vice chair of supervision.

Tim Hicks, the Arkansas company’s chief administrative officer, will succeed Greg McKinney as CFO in June. Meanwhile, Cindy Wolfe will be promoted to the newly created role of chief operating officer.

Baselane, which helps property owners manage bookkeeping and collect rent, has created a banking unit that offers checking accounts and lets landlords establish subaccounts for such needs as saving for remodels or setting aside security deposits.

The data aggregator and challenger bank have formed a partnership to let customers of Green Dot’s mobile banking app use any of the 6,000 fintech apps in Plaid’s ecosystem.

Martincevic, one of American Banker's Most Influential Women in Payments for 2022, immigrated to the U.S. alone at age 17 without knowing how to speak English. She became the first person in her family to obtain a college degree.

Muse, one of American Banker's Most Influential Women in Payments for 2022, has put the wireless carrier ahead of many banks in its adoption of real-time payments technology for billing.

This year's Most Influential Women in Payments honorees span the globe, demonstrating the universal importance of personal connections and career mobility, as well as the ways technology can connect a hybrid workforce and propel commerce.

Meghji only made it a year as chief innovation officer at the Federal Deposit Insurance Corp. before leaving in recent weeks. He describes the obstacles to new ideas within federal banking agencies and banking itself.

The company rewarded Charlie Scharf after profit recovered and shares advanced more than most of its rivals last year. Still, Wells has nine public regulatory orders that remain in place, including a costly Federal Reserve-imposed asset cap.

Mike Roffler takes over at a time when the San Francisco bank’s focus on mortgage lending is expected to come under pressure from rising rates.