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The nation’s largest bank has no retail presence outside of the U.S., but that will change later this year when it launches an online-only bank in the United Kingdom. CEO Jamie Dimon has hinted that if the venture proves successful, the Chase brand could eventually be rolled out in other parts of the world.

Thompson, who was most recently the deputy director of the FHFA’s Division of Housing and Mission Goals, replaces Mark Calabria, who was fired Wednesday afternoon.

President Biden removed Mark Calabria as Federal Housing Finance Agency director hours after a Supreme Court ruling made the move possible. The administration is expected to offer up a nominee who will prioritize affordable housing and racial equity in housing instead of reforming Fannie Mae and Freddie Mac.

Majority, a startup with a mobile app that combines a bank account with other benefits such as global remittances and international calling, began by serving the Cuban and Nigerian communities in Florida and Texas. Now it’s available in all states and will use $19 million in seed funding to accelerate its growth.

The House Financial Services Committee passed a bill along party lines to require global systemically important banks to submit new annual reports on activities to the Fed.

The Faster Identity Online Alliance has established its first user-experience guidelines and delivered new standards designed to more quickly move authentication processes past traditional username-and-password combinations.

The cloud-based software vendor has completed a $10 million funding round through BlackFin Capital Partners and Picus Capital.

About 100 small banks have signed up for technology provided by the core software vendor Fiserv and the cryptocurrency custodian NYDIG that allows customers to buy, sell and hold bitcoin through their bank accounts.

The president will oust Federal Housing Finance Agency Director Mark Calabria, a Trump appointee, now that the high court says the chief executive can do so at will. It's "critical that the agency implement the administration’s housing policies," said a White House official.

The combined company will operate under the Royal name and leadership.