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The merger, which provides for $6.75 million in payments to three Space City Credit Union executives, had drawn criticism. But Space City members approved it by an 82% to 18% margin.

Standard Chartered Bank hired a new head of digital assets, Europe and Americas; Provident Financial Holdings has a new chief financial officer; Bank of America is opening four branches in Boise, Idaho; and more in this week's banking news roundup.

Bribed overseas contractors accessed internal systems, triggering a monthslong breach with costs reaching up to $400 million.

In a dramatic move, conservative hardliners blocked President Donald Trump's tax and spending bill, which would have included many measures favored by banks.

The payment company's restructured Genius point of sale system is designed to cover all types of merchants to keep them away from other processors and fintechs.

Ease of use and client accessibility was key to client adoption and core to the bank's design.

The Task Force on Climate-related Financial Risks won't be disbanded, according to people familiar with the matter.

Junk-rated companies and private equity firms have lined up about $17 billion of debt recently for purchases of everything from power plants to a chain of gas stations using 364-day bridge loans.

The president said Treasury Secretary Scott Bessent and Commerce Secretary Howard Lutnick "will be sending letters out essentially telling people" what "they'll be paying to do business in the United States."

Legacy payment systems won't cut it as autonomous software agents begin transacting and collaborating at scale. New payment rails that take advantage of blockchain technology will be vital in the future.