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Bank of Montreal plans to raise its minimum wage for U.S. branch and contact-center employees to $18 an hour as companies face heightened competition for workers in a tight labor market.

The feature in its mobile banking app is helping the company connect with millennials and members of Gen Z, and it has led to 1 million appointments with bankers, BofA's chief digital officer says.

Unvaccinated employees also will face higher payroll deductions to cover the cost of testing and health insurance, starting next year, the bank said.

The disclosure was made as part of a filing about Circle’s planned merger with the special purpose acquisition company, Concord Acquisition Corp.

The new pilot program is only operating at four of more than 30,000 post offices nationwide. But it's drawing loud criticism from the banking industry and Republican lawmakers, along with strong praise from congressional Democrats.

Housing will still be a priority of the Consumer Financial Protection Bureau, but newly confirmed Director Rohit Chopra is also expected to investigate discrimination in the Paycheck Protection Program and bias in AI-powered lending algorithms.

David Pickney, who joined the institution in 2010, saw Texas Trust grow from six branches to 22 and more than double its assets to $1.7 billion.

Calls are getting louder for the crypto firms to be regulated the way banks are. Here's why Circle, Paxos and Gemini, top issuers of the increasingly popular digital dollars, say they welcome new rules.

Commercial borrowers are leaning more often on alternative lenders that provide better speed and flexibility. At the same time, some banks are turning their backs on what has long been a bread-and-butter business.

The Onondaga, New York-based buyer agreed to pay $82.8 million for Elmira Savings Bank.