In|Vest 2018 Direct

Expenses at Canada's second-biggest bank are higher than they should be, and the layoffs are one part of a plan to control costs going forward, executives say. Other Canadian banks including CIBC, Scotiabank and BMO have also shed workers this year.

Sloan is seeking to force Wells Fargo to honor multiple canceled stock awards and a bonus he says he was promised, according to a complaint filed Friday in California state court. He's also seeking unspecified damages for, among other things, emotional distress.

Zelle owner Early Warning Services has completed a test of its digital wallet, which it sees as a tool to streamline payments and combat the rising tide of fraud schemes, including those driven by generative AI.

Anne Marie Pippin, associate director in the Federal Housing Finance Agency's Office of Financial Technology, weighs the forces shaping the industry's future.

Rob Bhatt is a licensed insurance agent as well as a staff writer at LendingTree. Previously, he spent more than 20 years writing for and editing regional publications in California, Nevada, and Washington. Rob enjoys helping readers understand how different coverages work so they can make informed purchasing decisions, and he specializes in producing research-backed content. His work has been cited by ABC, Business Insider, MSN and Yahoo.

Eric Faw is CEO and co-founder of Entrilia, a SaaS company that provides private capital fund managers with a collaborative operations platform and solutions to improve the front- to back-office experience. He has more than 15 years of experience in the alternative asset industry and has worked with 200-plus firms.

Abhishek Peter is the Manager - Digital Marketing at FECUND Software Services. He has a passion for solving complex problems with innovative solutions. Through his blog, Abhishek shares his expertise and provides insights into the worlds of marketing, insurance, technology, and more.

The Federal Home Loan Bank System is a crucial element of our financial infrastructure. All stakeholders should be included in discussions about reforming it.

The Federal Reserve's vice chair for supervision said the central bank is weighing regulatory and supervisory changes to liquidity management standards. Current approaches, he said, might not be able to contend with the speed of modern runs.

Los Angeles-based City National Bank recorded a $247 million loss during a tumultuous final quarter of its fiscal year. But executives at the bank's Canadian parent company say they expect a return to profitability in the first quarter.