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The cuts are said to be part of a plan to trim headcount by about 300 people — or 3% of overall jobs — across the corporate and investment bank.

Mike Strakhov is head of professional services lending at Live Oak Bank, the country's No. 1 SBA 7(a) lender (as of 2022). As head of professional service financing at Live Oak, he oversees the accounting and tax, insurance, and law firm lending teams. Reach him at michael.strakhov@liveoak.bank. 

Charles Lattimer is the Chief Innovation and Growth Officer at FinFit.  He is the former CEO of Cooperative Leadership Institute founded at Virginia Tech and co-author of the college textbook "Management: A Balanced Approach to the 21st Century," published by Wiley in 2012.

Moira Tolan, PhD, is a professor of business at Mount Saint Mary College in Newburgh, New York.

Federal Deposit Insurance Corp. Board Member Jonathan McKernan raised concerns Wednesday over his agency's justification for imposing higher capital on banks, saying they could give nonbanks a more competitive edge in certain activities.

The Federal Housing Administration could increase the limits for loans it insures in this market, a congressional oversight agency said in a new report.

Federal housing authorities persuaded Texas Capital Bancshares to help with the fallout from a bankrupt reverse-mortgage provider, then went back on their promises of financial support, the company says in a new lawsuit.

Singapore's regulators grant payment licenses to Ripple and Coinbase, Stripe expands pay-by-bank in Africa, U.K. regulators pressure Revolut and more.

At the Most Powerful Women in Banking conference, asset management leader Jenny Johnson discussed opportunities and risks for portfolio managers in 2023.

The fintech, a partner of OpenAI, is also a provider to several developers of emerging artificial intelligence.