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Northeast Bank in Portland is putting capital earned from the Paycheck Protection Program to use, purchasing $1.1 billion of loans and launching a small-dollar Small Business Administration lending program.

The FTX collapse and other recent disasters in the cryptocurrency space show that there is an urgent need for oversight. A self-regulatory body would get there fastest, while preserving the ethos of cryptocurrency.

The industry is taking lessons from instant point-of-sale lenders to help homeowners embarking on major projects.

Digital banking apps such as Daylight, Greenlight and Re:start are helping their customers do more than stash paychecks and save for the future.

This year saw far more abandoned deals than the previous one. The list includes State Street's abandoned purchase of Brown Brothers Harriman Investor Services and FVCBancorp's failed merger with Blue Ridge Bankshares.

Telhio Credit Union in Ohio hopes to help contractors verify their earnings when applying for loans and other financial services.

The firm may get rid of up to 4,000 jobs to contain a slump in profit and revenue, people with knowledge of the matter said earlier this month, although the final number could come in lower.

Gone are the days of easy lending, cheap money and zero-interest deals. Here to stay: shifting rates, currencies, and inflation that will define the new age in capital markets, according to Bank of America Corp.'s Elif Bilgi Zapparoli.

JPMorgan Chase's Warsaw office is planning to extend a work and training program for Ukrainian refugees for another year after hiring around 50 this summer.

The 30-year fixed rate surged 15 basis points from a week earlier but ends 2022 at more than twice its mark from a year ago.