WASHINGTON – Regulators shut three more banks Friday, including $900 million Barnes Bank of Kaysville, Utah.
The other two bank failures were: $25 million St. Stephen State Bank in St. Stephen, Minn., and $70 million Town Community Bank and Trust in Antioch, Ill.
The three failures make a total of four so far this year, after 140 failures in 2009. There has been one credit union failure in 2010, of $37 million Kern Central CU, in Bakersfield, Calif., and 25 failures in 2009.
Brian Moynihan will continue to wear two hats, thanks to the support of almost 70% of Bank of America's shareholders.
The Justice Department retreated from its plan to appeal a judge's ruling blocking grand jury subpoenas in the Powell probe, opting instead for a softer legal maneuver that keeps the investigation's future uncertain.
The company is officially releasing a digital asset product that it first announced back in October.
The Canadian bank is using machine learning to analyze customers' payments and provide recommendations to salespeople.
CEO Robin Vince defended the custody bank's use of artificial intelligence Monday, saying that the deployment of AI allows firms to increase their investment capacity.
Plaintiffs say Team 313 stole Social Security numbers and IDs. Chime says no data left its systems. None of the suits has its own evidence.
