
Sarah Wynn covers securities and infrastructure for the Washington bureau.

Sarah Wynn covers securities and infrastructure for the Washington bureau.
Sam Maule is set to head up North America expansion for 11:FS.
Rising taxes, declining population and the political landscape in Illinois have led several bankers to put more money and resources into nearby states.
GlobalID stands out from scores of similar companies and projects by attempting to wed self-sovereignty with regulatory compliance. If its technology works, it could alleviate a major cost for banks.
Profits rose 20% at the Texas bank, but net interest margin growth last quarter, and the bank’s margin outlook for the rest of this year, disappointed analysts and investors.
The fine for BTC-e was the Treasury’s first action against a money-services business located in a foreign country, and the second against a virtual currency exchange.
The Illinois company has bought two banks and a small mortgage firm in the past year, which helped improve its second-quarter results.
The Tennessee company reported higher profit that reflected its June purchase of BNC Bancorp and nearly $670 million of organic loan growth during the second quarter.
WSFS is implementing a new internal audit program and shoring up the succession planning in its risk department.
Though recreational pot is legal in a number of U.S. states, big banks don’t want to work with cannabis sellers. And that is unlikely to change anytime soon.
The nearly 200-year-old firm wants to help clients access, organize, transmit and use data more effectively.
Enabling peers to compare notes will help ID management specialists at regional, midtier banks who face the same requirements as large banks but command smaller operating budgets, IDPro’s founder says.
Centana Growth Partners has raised $250 million for investment in what it describes as financial services startups with innovations that can be turned into real products.
So far, the use cases for digital payments from connected cars seem too specific to spark a widespread shift in consumer habits. But connected cars may yet prove to be drivers of change.