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Fintechs shed thousands of jobs during 2022. But firms with strong balance sheets plan to pick up talent to drive innovation in the new year.
December 23 -
SNAP recipients need easy and reliable access to their account balances and transaction histories. The Consumer Financial Protection Bureau ought to clear the way and let that happen.
December 23
Propel -
Amid high inflation and favorable conditions for job-seekers, several banks hiked their starting wages this year. But even as their labor costs rose, they still found it hard to hang onto employees.
December 23 -
The consensus calls for shrinking collateralized loan obligation volume in 2023, but rewards are said to outweigh the risks.
December 23 -
Hacks of banks, credit unions and insurance companies compromised the data of millions of consumers, who filed a flurry of class actions in response.
December 22 -
Some lenders to companies owned by women, minorities and veterans say they'd prefer that the Small Business Administration strengthen its Community Advantage program rather than bring them into the agency's flagship loan-guarantee program.
December 22 -
After years of deliberation and controversy, 2022 will be remembered as the year the global financial system replaced the Libor interest rate benchmark, the last vestiges of which sunset in 2023.
December 22 -
The credit union hired Janell Upton to succeed Chaz Rzewnicki, who left to become CEO of Vibe Credit Union in Michigan.
December 22 -
Sam Bankman-Fried was released on a $250 million bail package after making his first U.S. court appearance to face fraud charges over the collapse of FTX, the cryptocurrency exchange he co-founded.
December 22 -
The bank hired Thomas Geisel to take over as president and chief executive, effective immediately. He succeeds Harry Madonna, who had been interim leader after the ouster of Vernon Hill.
December 22














