Finance

Regulators may be willing to grant new charters, but economic uncertainties, capital hurdles and inexperience have led the organizers of numerous bank startups to give up in the last few years.

Klar has completed two funding rounds — one for equity and one for debt — raising over $57 million in funding, including Santander’s InnoVentures as an equity investor.

The major technology companies that have chipped away at incumbent payment businesses face much larger competition from this year’s big processing mergers, but they’ve also bulked up through fundraising and product development.

FWBank would be led by Marianne Markowitz, former acting SBA director. Amy Fahey, a former JPMorgan Chase executive, would serve as chairman.

A new study suggests banks have the ability to operate leaner than ever before. That could fuel investor demands for more cost cutting and drive more banks to pursue M&A.

The industry is waiting to see if banks will get the same no-cost land leases on military bases that credit unions currently enjoy.

The deal expands the number of compliance tools owned by credit union leagues and other industry groups.

The Boston company said the loan participation went into default due to potentially fraudulent activity.

Myers has thrived as head of global capital equity markets by heeding the leadership advice of her mentor, the late Jimmy Lee: Focus on the people she'd take with her if she ever left J.P. Morgan to start her own firm.

Under Monaco's leadership, Citi has ranked as the top investment bank to governments and governmental organizations in four out of the past five years.