Digital Mortgage Direct Page

The Dallas-based company is expanding in the Southeast and the Mountain West, and overhauling its digital systems, as part of a plan that executives say will pay off over a two- to five-year period.

The Federal Reserve terminated a 2016 agreement with the Industrial Bank of Korea and its New York branch for processing more than $1 billion in sanction-violating transactions.

The bank will apply the company's AI first to its risk models, an HR avatar and a metaverse presence.

Citigroup is seeing countries around the world roll into recessionary environments, with the U.S. economy on track to follow them in the second half of next year, Chief Executive Jane Fraser said.

The bank looked within its own ranks to find its next chief credit officer and to fill the newly created chief banking officer position. It continues a search for its next finance chief following a spate of departures.

The crypto broker Genesis told clients that it could take weeks, not days, for it to find a path forward for its troubled lending unit, which was hobbled by the implosion of Sam Bankman-Fried's FTX.

Galaxy Digital is paying $44.1 million to buy Celsius Network's GK8 business — more than 60% lower than what the bankrupt crypto lender paid to acquire the self-custody platform just last year.

Rep. Tom Emmer represents the sixth district in Minnesota and leads the Oversight and Investigations subcommittee for the House Financial Services Committee.

Rep. Jim Himes represents the fourth district in Connecticut. He is also chair of the House Select Committee on Economic Disparity and Fairness in Growth and serves on the House Financial Services Committee.

Skyla Credit Union in Charlotte, North Carolina, plans to add 9,600 members and $265 million of assets through its deal with Parsons Federal Credit Union.