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The additions allow the Rhode Island bank to expand its wealth management footprint along the East Coast and in San Francisco, where the recently shuttered First Republic was based.

The credit card company says it could raise interest rates, charge new fees and implement penalty-based pricing if late fees get capped at $8. But its ability to maneuver is constrained by a 14-year-old federal law.

Consumer Financial Protection Bureau Director Rohit Chopra warned that "powerful firms" must not dominate the new open banking landscape.

UBS Group AG poached nearly a dozen of the firm's top technology bankers, while others have left for Pickering Energy Partners and Jefferies Financial Group Inc.

Hafize Gaye Erkan becomes Turkey's first female central bank governor and faces the unique challenge of working for a president who believes that cheaper money leads to slower inflation.

Bank of America had been considering a bid for First Republic after it was seized by regulators, but ultimately dropped out of the process.

Bond traders have overestimated month-over-month headline inflation heading into four of the last seven Consumer Price Index releases, says strategist Raghav Datla.

Hiring staff members through the H-1B visa program can be a great way to fill critical vacancies while securing skilled and loyal employees, experts say.

The payment company is focused on small-business borrowers operating in areas where branches are shutting down.

Federal Deposit Insurance Corp. Vice Chair Travis Hill said Silicon Valley Bank's failure raises concerns over the resolution process, and said regulators should work harder to find a buyer for distressed banks in the future.