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The California company was issued a consent order after it failed to meet the conditions of a January 2018 informal agreement.

The company will record a $2.1 million pretax gain in the second quarter after selling Summit Insurance Services to the Hilb Group.

Kathryn Davis will take over later this month following the retirement of CEO Hank Barrett.

Fidelity Investments, which began a custody service to store bitcoin earlier this year, will buy and sell the world’s most popular digital asset for institutional customers within a few weeks, according to a person familiar with the matter.

Banco Bradesco said it will use the acquired bank to expand its investment offerings in the United States.

Bank of America Merchant Services is working with subscription management platform Recurly to help merchants generate revenue and drive subscriber engagement and customer loyalty.

Big banks may have found a way to lower needed reserve levels; with Brexit delayed, Goldman will hold off on expansion.

The information you need to start your day, from PaymentsSource and around the Web. Today: Santander adds gig economy tech; U.K. calls out open banking laggards; AMC suffers a breach; A new threat for bitcoin fraud.

New initiatives could give a boost to an already widely charitable industry, but fickle consumers and uncertain economic waters could prove a challenge.

Mastercard hopes to tap into existing partnerships and clients from multiple business lines to combine services in a single menu for small to mid-sized businesses, a market where fintechs have made great strides over the past few years, enough to draw extra attention from established companies.