Carter Pape

Threat group ShinyHunters claimed responsibility for the attack, which reportedly targeted third-party platforms rather than Betterment's own systems.

Renat Abramov, a former relationship manager in Brooklyn, bypassed know-your-customer protocols to open accounts for shell companies involved in a $14.6 billion scheme.

Prosecutors allege Curtis Weston and a bank insider used fraudulent loans to fund stock market trades, leaving the bank with $20 million in losses.

Prosecutors claim the Forbes 30 Under 30 honoree maintained two sets of books to hide Kalder's actual revenue of just $60,000.

The digital bank added two new board members and raised $123.9 million as it continues to manage regulatory costs amid its push for profitability.

Court documents reveal how a teller used the drive-through window and work email to aid a scheme that bypassed TD's fraud defenses.

A one-time accounting change will boost the bank's ability to spend on marketing. Traders flinched at the change; analysts called it a buying opportunity.

Supply chain attacks have doubled since 2021, with professional services firms increasingly acting as "stepping stones" to access bank data.

Prosecutors argued the 23-year-old courier knew he was aiding criminals, citing texts about "gold rushing" and scammer videos on his phone.

Faraz Shafiq, formerly of AWS and Google, will oversee the bank's vision for enterprise-wide artificial intelligence initiatives.

The U.K. conducted simulated cybersecurity attacks on its banks' live systems and found they lack basic patching and identity controls.

Shares of the California lender surged 25% on news of the leadership change and preliminary fourth-quarter earnings.

The collapse of the illicit escrow marketplace disrupts a major hub for "pig butchering" scams, though experts warn the ecosystem will likely fragment.

A New Jersey courier scam highlights the severe liability risks consumers face when using debit cards compared to credit cards.

Howard Green's new book Gimme a Crisis offers a deep dive into the former Scotiabank CEO's career, from bringing the NBA to Toronto to navigating 2008.

The crypto lender issued over 5,000 loans to residents without a license and failed to assess repayment ability, the DFPI said.

Customers reported failed subscription payments and support issues, though a backup system kept some basic functionality online.

Despite attracting $2 billion in deposits, the cloud-native unit proved too expensive to maintain, prompting a strategic retreat by parent company SMBC.

The bank fired a manager for originating suspicious loans but later asked the SBA to forgive them, prosecutors say. The case ended in a $7.7 million settlement.

The bank is investing in Ubyx to help traditional financial institutions settle stablecoin payments and compete with nonbank fintechs.