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House Financial Services Committee ranking member Patrick McHenry, R-N.C., is poised to be a leading critic of the administration's regulatory policies in the next Congress.
October 11
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The payment company spent years integrating and updating products from iZettle, a European fintech it bought in 2019. The product's U.S. launch was drowned out by former PayPal bosses David Marcus and Elon Musk roasting the firm over its planned disinformation policy.
October 11
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The financial advisory firm cited recent conversations with the Federal Deposit Insurance Corp., where the current leadership is widely seen as unwelcoming of efforts to open new ILCs.
October 11
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The Federal Reserve's monetary policy objectives are on a collision course with the post-2008 capital and liquidity framework, and it's time for regulators to decide what those reforms were for.
October 11
American Banker -
22nd State Bank in Alabama is working with Quantalytix to track performance of all business units and loan officers in one place and make smarter decisions about how and where to compete.
October 11
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The Justice Department is investigating whether Credit Suisse Group continued to help U.S. clients hide assets from authorities, eight years after the bank paid a $2.6 billion tax-evasion settlement and pledged to tackle the issue.
October 11
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Yvette Hollingsworth Clark, once the chief compliance officer at Wells Fargo, has taken on a similar role at the Boston-based custody bank.
October 11
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Walden Mutual in New Hampshire is targeting a mid-November opening after winning final approval for its deposit insurance application from the Federal Deposit Insurance Corp.
October 11
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Prosperity will pay $341.6 million for First Bancshares of Texas and $228.7 million for Lone Star State Bancshares. Both deals are slated to close early next year.
October 11
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Acting Comptroller of the Currency Michael Hsu referenced several large crypto firm meltdowns in the last year, including Voyager and Celsius.
October 11
