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About $2.9 billion of the deposits the company obtained from the failed Signature Bank had fled as of last week, and executives are forecasting that number to double. However, they say they're "cautiously optimistic" they can lure some deposits back.

Security researchers discovered the compromise in Trading Technologies software while looking into the cause of a compromise in 3CX phone conferencing software.

Genesis lawyer Sean O'Neal said that the crypto lender has agreed to a 30-day mediation period including its committee of unsecured creditors, which still opposes the proposed restructuring deal.

Former credit union chief hit with charges, $1 trillion of Home Loan bank advances, a deposit deal in Illinois and more in this week's banking news roundup.

The Federal Deposit Insurance Corp. said in a report released Friday that Signature's rapid, unrestrained growth and inadequate risk management practices outpaced supervisors' ratings and responses, even though the issues were known to the agency.

In an era of unprecedented access to digital payment methods, cash is making a comeback, courtesy of the swelling cost of living.

In April's roundup of American Banker's favorite stories: Investigations of PPP fraud ramp up, U.S. Bank responds to concerns regarding capital levels, what happened to the trend of bank purchases and more.

In a highly anticipated report on the failure of Silicon Valley Bank, Federal Reserve Vice Chair for Supervision Michael Barr says the bank's own mismanagement and an acquiescent supervisory structure created the conditions for the bank to fail.

Besides negating the benefits of a central bank digital currency, the Federal Reserve's real-time payments system will bring about numerous positive changes, including helping consumers who live paycheck to paycheck.

The Minneapolis bank has launched a special-purpose credit program that aims to help businesses owned by women, minorities and veterans. Borrowers with comparatively low credit scores and cash flows will qualify for lending products of up to $2.5 million.

The real-time payments system from the Federal Reserve will spur an increase in payments innovations and drive prices lower for existing products.

The Government Accountability Office said that  the Federal Reserve Bank of San Francisco flagged problems at Silicon Valley Bank as early as 2018.

Requiring banks to share bank account data with fintechs will "release the stranglehold that financial institutions have on the industry today."

There are existing ways to authenticate third-party permissioned data access that don't involve screen-scraping or expensive token-based systems.

The regulator awarded a federal charter to Generations United Federal Credit Union, which will serve employees and members of the United Church of Christ.