In|Vest 2018 Direct

M&T-People's closing date set, U.S. Bank's WNBA deal and more in banking news this week.

Several large banks are being investigated for employees’ use of unmonitored messaging software, despite prohibitions that have been in place for years.

The crypto ambitions of large technology companies are drawing concern from the Consumer Financial Protection Bureau.

The bill, part of the omnibus spending package, would force banks and other critical infrastructure providers to tell the government right away when they’ve been breached.

CEO Nitin Mhatre, who joined the Massachusetts bank in 2021, said that any M&A deal is at least a year away. For now, the bank is working with fintechs as a way to bolster its balance sheet and deliver exceptional customer experiences.

Denise C. Yelvington, CPA, is a partner at Sheffield Advisors. Working as a tax professional for over 20 years, she has extensive experience working with high net worth individuals, creative artists, and small businesses. She is a licensed CPA in Massachusetts and Florida and is a member of the American Institute of CPAs. She has posted a petition to change Tax Day on Change.org.

As the West isolates Russia with sanctions in response to its invasion of Ukraine, policymakers are using the global financial system as a weapon to help stop the war. What will the impact be on banks?

Best known as a maker of ATMs and point-of-sale devices, Diebold Nixdorf is launching a new cloud platform to support merchants and their customers as transactions become more hardware-agnostic.

A supervisory letter detailing their failings in assessing exposure to a collapsed hedge fund suggests that the Federal Reserve believes banks are falling short in basic risk management.

Revolut’s Chief Revenue Officer Alan Chang is leaving the U.K. financial technology startup for a new cryptocurrency venture and is seeking to raise roughly $100 million in financing.