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The Consumer Financial Protection Bureau issued a broad policy statement on what constitutes an "abusive" act or practice. Industry has long sought to narrow the definition.

The neobank purchased the fintech lender in an all-cash offer, but did not disclose the price tag.

Stripping out the 25 largest banks by U.S. assets, Federal Reserve data showed the industry gained back $5.8 billion of deposits.

Pinwheel, which automates the setup of direct deposit at new accounts, endured a brief and unexpected surge in traffic during mid-March's bank runs.

Switzerland's Office of the Attorney General said Sunday it was working to gather information on "numerous aspects" linked to the takeover, without specifying further what it was looking for.

Bank regulators have historically neglected the needs of Black communities. Channeling funds to the banks that serve them would repair some of the damage.

Two years ago, the parent company of Silicon Valley Bank promised $11.2 billion in community development support. Activists want First Citizens, which acquired much of the failed bank, to fulfill the commitment.

Gani Laguisma has more than 30 years of accounting, auditing, and consulting experience with EY in the U.S. and abroad, and was a former assurance and audit partner with OUM & Co. LLP. He is the co-founder and CEO of Scrubbed, a full-service outsourced provider serving the accounting, finance, and assurance needs of clients across the globe. He graduated with distinction from the University of the East-Manila and earned his MBA from the Asian Institute of Management – Manila in the Philippines.

Plaus had planned to leave the bank after March 31. But Merrill head Andy Sieg's sudden departure for Citigroup triggered an executive shuffle.

The Pacific Northwest bank said Robert Butterfield would replace veteran finance chief Peter Conner, who plans to retire this year.