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Wilson created an app from scratch in the middle of a large merger, he's setting up “client journey rooms” where customers co-create technology with technologists, and he's moving the bank forward into cloud computing.

The digital-only bank, which entered the U.S. about two years ago, said Thursday that it is closing roughly 500,000 customer accounts here and will prioritize growth in Eastern Europe.

Goldman Sachs Group is expanding its private-banking team in London as it builds out operations targeting the world’s ultrawealthy.

Adelphi Bank in Columbus, Ohio, would be just the nation’s fourth depository with a predominantly African American board of directors. “The hope is that we change lives,” said Jordan Miller Jr., who would serve as president and CEO.

The Independent Community Bankers of America made the rare move of urging senators not to confirm Saule Omarova to lead the Office of the Comptroller of the Currency. The group argued that some of her proposals could have drastic consequences for the industry.

The online retailer’s plan to block certain credit card payments in Britain is seen as an opening move in likely negotiations with Mastercard and Visa ahead of the card networks' planned fee hikes in 2022.

Christopher Waller, a member of the Federal Reserve Board, warned that blocking nonbank entry into payment systems would stifle innovation. His remarks appeared to contradict a recent report in which Fed Chair Jerome Powell and others recommended that only banks be allowed to issue stablecoins.

Citigroup won a municipal-bond deal in Texas on Wednesday, marking its potential re-entry into a booming corner of the municipal-debt market after a new Republican state law sought to punish Wall Street banks for their gun policies.

The firm's global head of transaction banking says practicing meditation helped him manage a team that built a new corporate banking platform. His leadership of the project was one reason Moorthy was selected as a finalist for American Banker’s Digital Banker of the Year.

No matter the outcome of the confirmation battle over Saule Omarova — the Biden administration nominee for comptroller of the currency whom many bankers view as too liberal — policymakers must still resolve this fundamental question: Are banks public utilities or private companies with special privileges?