Bank of America plans to open up an office in New York for customers with more than $50 million in assets to invest, The American Banker said. Once the bank opens up its first ultra-high-net-worth office in New York it will open up more in Boston, San Francisco, Los Angeles, Chicago, Dallas and in Southern Florida, said Alan Rappaport, who heads the the Charlotte-based bank's wealth advisors group.
Governor Gavin Newsom announced the swearing in of Rohit Chopra as secretary of the California Business and Consumer Services Agency, Amalgamated Bank of Chicago promoted Cherie Duve to executive vice president and chief legal officer, Ramon M. Rodriguez joins USCB Financial Holdings and U.S. Century Bank as an independent director, and more in this week's banking news roundup.
The Open Standard consortium understands what makes a stablecoin valuable isn't how digital it is, but how ubiquitous it is
Low daily, weekly and monthly Zelle limits can cause users to switch to other payment networks, raising the ante for banks to find solutions.
A tour of the technology that banking has run on, dating back to Franklin's anti-counterfeit measures and the bank-note bulletin that preceded American Banker.
Sen. Elizabeth Warren, D-Mass., is asking President Trump's son Eric if he plans to refile a lawsuit against Capital One Financial for allegedly "debanking" hundreds of Trump Organization accounts. The letter follows President Trump's nomination of a Capital One executive to lead the Consumer Financial Protection Bureau.
The fintech sponsor bank plans to offer digital asset services.
