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Yvette Hollingsworth Clark, once the chief compliance officer at Wells Fargo, has taken on a similar role at the Boston-based custody bank.

Walden Mutual in New Hampshire is targeting a mid-November opening after winning final approval for its deposit insurance application from the Federal Deposit Insurance Corp.

Prosperity will pay $341.6 million for First Bancshares of Texas and $228.7 million for Lone Star State Bancshares. Both deals are slated to close early next year.

Acting Comptroller of the Currency Michael Hsu referenced several large crypto firm meltdowns in the last year, including Voyager and Celsius.

The world's biggest climate-finance alliance has sought to dismiss reports that a number of Wall Street banks are threatening to leave, as it races to bring its house in order in the run-up to next month's COP27 climate summit.

Through acquisitions and partnerships, Amex has added working capital finance, business bank accounts, invoice management and payment options beyond cards.

JPMorgan Chase Chief Executive Jamie Dimon said "serious" headwinds are likely to push the U.S. and global economies into recession by the middle of next year.

Dozens of community bankers and housing experts offered their opinions on the Federal Home Loan Bank System, the first review in nearly 100 years. But the insurers, nonbanks and megabanks that use the system the most were largely absent from the debate.

The sponsor bank, which works with fintechs like Chime and PayPal, says the switch will help it support its payments clients as they move into lending.

The payment company has added artificial intelligence-driven features that guide businesses' engagement with consumers.