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Revolut works on its internal culture, Splitit collaborates with Alipay, and more.

Powell, 69, received the positive test Wednesday and "is up to date with COVID-19 vaccines and boosters," the Fed said in a statement, adding that he is working remotely while isolating at home.

Bank of America started telling executives to pause hiring except for the most vital positions, as it tries to keep a lid on costs and prepare for a possible economic downturn.

Digital Currency Group, the struggling crypto empire whose Genesis Global Capital lending unit is trying to stave off bankruptcy, said it's suspending quarterly dividends to preserve cash.

Bank of Montreal has received approval from the the Federal Reserve to acquire San Francisco-based Bank of the West, a combination that will create the 15th-largest U.S. lender.

Coinbase Global is halting operations in Japan, less than a month after another major digital-asset exchange, Kraken, announced its withdrawal from the country.

Community bankers already have decades of experience managing concentration risks and responding to extreme weather events and natural disasters in their communities.

Neobanks and online lenders are expected to address credit concerns, product development and balance sheet resilience in upcoming reports.

Michael Hsu, the interim head of the Office of the Comptroller of the Currency, warns that the OCC and other agencies would take harsh steps to punish large banks that chronically violate the rules — including splitting them up.

CEO Bruce Van Saun said that any potential recession will likely be "subdued," as the Rhode Island bank projected a rebound in noninterest income.