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These tech titans still depend on banks to back their payment cards and loans. But their vast audiences mean any financial product they offer is a competitive threat.
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The $168 million deal would mark the third acquisition of 2022 for Seacoast and continue a years-long effort to bulk up via M&A.
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Climate activists have forced votes this spring on whether big banks should move more aggressively to cut off their financing of fossil-fuel companies.
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Hear from fintech Branch, Evolve Bank & Trust, and Domino’s about this growing trend and best practices from real experiences that have not only helped provide greater financial stability for workers but also a new push to modernize workforce payments.
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The company had accepted a $60 million naming rights deal from Meta Platforms — the social media giant's new brand.
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Winner: Donta Wilson, Chief Digital & Client Experience Officer, Truist Financial Runners-up: Lincoln Parks, Vice President, Strategy and Innovation Officer, Heritage Southeast Bank Hari Moorthy, global head of transaction banking, Goldman Sachs Head of Strategy
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Corrie Rozell, who has been interim chief executive since January, will adopt the role permanently.
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Sen. Pat Toomey, R-Pa., is accusing the Consumer Financial Protection Bureau of pressuring Equifax, Experian and Transunion into removing most medical debt from credit reports, a move he says would compromise lenders' ability to gauge risk. Democrats, experts who testified at a hearing Tuesday and the CFPB pushed back.
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The acquisitive Massachusetts company said it would pay $146.5 million to acquire Randolph and its $800 million-asset subsidiary, Envision Bank.
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The nomination of Lisa Cook, an economics professor who is one of President Biden's choices for the Federal Reserve's Board of Governors, advanced Tuesday on a party-line procedural vote in the Senate.
March 29