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Standard Chartered Bank hired a new head of digital assets, Europe and Americas; Provident Financial Holdings has a new chief financial officer; Bank of America is opening four branches in Boise, Idaho; and more in this week's banking news roundup.
Bribed overseas contractors accessed internal systems, triggering a monthslong breach with costs reaching up to $400 million.
In a dramatic move, conservative hardliners blocked President Donald Trump's tax and spending bill, which would have included many measures favored by banks.
The payment company's restructured Genius point of sale system is designed to cover all types of merchants to keep them away from other processors and fintechs.
Ease of use and client accessibility was key to client adoption and core to the bank's design.
After a drop in fintech venture capital exit value from IPOs, neobanks and other financial tech startups are closely watching Chime's initial public offering.