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Stephanie Ferris will take the helm from current CEO Gary Norcross on Jan. 1, as he transitions to executive chairman of the board.

The Federal Deposit Insurance Corp. also approved the advance notice of proposed rulemaking for large-bank resolvability requirements and made some changes to its process for banks to appeal supervisory decisions.

The crypto lender Voyager Digital is pursuing settlements with two top executives after an internal probe uncovered potential claims of gross negligence stemming from risky loans made to the defunct hedge fund Three Arrows Capital, court papers show.

The biggest U.S. banks are continuing to add to their workforces even as executives from Wall Street firms Goldman Sachs Group and Morgan Stanley talk of scaling back amid a slump in dealmaking and capital markets.

A former Deutsche Bank managing director said she was put up for redundancy purely because of her age and gender, just as executives in London feared the COVID pandemic would hit lending to the bank's wealthy clients.

The world's biggest climate coalition for bankers says it has the right to ignore a proposal that would require members to phase out the financing of fossil fuels.

The San Francisco-based fintech Cardless has teamed with Amex and Simon Property Group, the nation's largest shopping mall operator, to launch a new credit card.

German authorities raided Deutsche Bank's headquarters as well as the home of former co-CEO, Juergen Fitschen, as part of a vast investigation of the controversial Cum-Ex transactions that's embroiled some of the world's most powerful financial firms.

The rising value of the U.S. dollar has created higher demand for its use in cross-border e-commerce, just as a joint European/American instant processing project prepares for launch.

Goldman Sachs Group's traders once again helped rescue results from a sharp slowdown in investment banking just as the firm prepares for a reorganization that will combine the two business units