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The central bank's instant payment system could bring enormous benefits to banks and their customers. But it also presents new risks to manage.

Bank groups say the focus on capital rules in Federal Reserve Vice Chair for Supervision Michael Barr's report on Silicon Valley Bank are misguided. Others say he should have named names.

BayFirst Financial, which says it lost $1.6 million when a planned Small Business Administration loan sale to Signature fell through, plans to file a claim for the lost revenue with the Federal Deposit Insurance Corp.

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.