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The lawsuit is based on alleged misstatements leading to the bank's collapse.

In letters that were sent to companies including Circle Internet Financial, BILL Holdings, BlockFi and Eiger BioPharmaceuticals, Warren and Ocasio-Cortez asked questions about the nature of their connections with SVB.

Carrie Tolstedt, the former Wells Fargo executive facing criminal charges for the phony accounts scandal, entered a "not guilty" plea at an arraignment hearing Friday afternoon.

Federal Reserve lending data released Friday showed that bank lending declined by the greatest level ever during the end of March, an indicator that credit conditions are worsening.

The transition from a rules-based regulatory system to a principles-based regime requires a change in mindset. Box-ticking no longer gets the job done.

Typically called softPOS or Tap to Pay, the technology allows sellers to receive transactions without add-on hardware. It's becoming a popular payment option for small business and mobile sellers and other users.

Lenders are bracing for more companies to fall behind on their loan payments. That could create more opportunities for banks to dispose of these nonperforming credits through an Article 9 sale.

The layoffs come as the fintech is still working to close the SPAC merger it announced in August 2021.

Regional banks will need to implement holistic, sophisticated data and risk analysis technology following last month's bank runs, experts say.

The agency said it will include home valuation practices in its fair lending review. It's the latest effort by a Washington regulator to root out discriminatory practices in the profession.