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The Indiana company said the move reflects a need to cut costs and customers' increased preference for digital channels.

The Honolulu company said the "non-public, fact-finding inquiry" by the Securities and Exchange Commission focuses on its calculations for earnings per share.

Women now account for half of Citigroup's 16-person board, the most of the 20 largest global banks, after Michael Corbat stepped down as CEO and was replaced by Jane Fraser.

Payservices would use deposits largely to support its existing business. It has no plans to make loans.

The payments processor is now the most valuable private tech company every, surpassing Facebook; some investors are not happy that the bank raised bonuses and CEO pay by 46%.

2021's Most Influential Women in Payments honorees demonstrate how a diverse background and a unique perspective can prove crucial in difficult times.

Philo started out her career as an entrepreneur selling prepaid calling cards to customers with her two year old and two old month old children in tow.

She could have been called "Doctor Kristy" at some point, but Carstensen followed a gut feeling that the medical profession wasn't truly for her — and she could have a bigger impact on financial and payments services in the banking industry.

Rowe has had many successes and challenges in her journey to the CEO position of a division of Paysafe, where she can also help the company promote diversity.

Bringing a philosophy of diversity to life at work, Ghai expands opportunities for people within Discover — and in her home country of India