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AmeriServ Financial in Johnstown boosted earnings through the first nine months of 2022, but not enough to satisfy Abbott Cooper, who called the company a "prolonged underperformer."

Ryan Crowley, previously a Citigroup client-experience executive, replaces the unit's former chief operating officer, Pooja Daswani. The company also picked a CEO for its North America business and launched a search for a new wealth management chief.

A provision of last month's defense spending bill requires the Federal Reserve to maintain a public database of master account holders and applicants, but with days left on a pre-existing comment period, banks and researchers are hoping for greater transparency.

Lenders are getting creative as to what to do with the mining machines they accepted as collateral for the some $4 billion in rig-backed loans they underwrote when the rally in bitcoin seemed unstoppable.

The Department of Justice said City National avoided offering home loans in Black and Hispanic neighborhoods in Los Angeles County from 2017 to 2020.

Anu Aiyengar, who was named co-head of global M&A in 2020, will be sole head of global mergers and acquisitions at JPMorgan Chase, making her the only woman to lead that franchise at a major Wall Street bank.

A lawsuit filed by the bank against the founder of a tech venture risks renewing concerns about JPMorgan's rapid deployment of shareholder cash in recent years.

Across the U.S. financial industry, a pattern is emerging of small lenders plowing into crypto and a variety of other hot niches, sending their stocks soaring and eventually crashing.

Because they have mature revenue streams or can support embedded finance, payment companies may find themselves favored by investors at a time when other tech firms are tightening their belts.

The move, which comes with an unspecified number of layoffs, is expected to cost the company $3.8 million to $4.6 million in pretax charges in the second quarter.