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The company will close branches and cut jobs, with plans to reinvest some of the savings into digital enhancements.

The New York State “Bitlicense” will allow customers to use bitcoin to make online retail purchases; Cleveland Fed chief says persistent low rates may encourage risky behavior.

While some institutions have held off on staffing up for new projects, many mission-critical positions at the executive level are still being filled. It may take until well into 2021 before normal patterns return.

Daily edition for October 22, 2020.

A disputed outcome could cause significant market turmoil in the coming months — and have far more serious repercussions over the longer term.

USAA Federal Savings Bank’s downgrade shows how customer mistreatment stemming from flaws in internal controls can hurt Community Reinvestment Act scores. Some want consumer compliance to carry more weight in the CRA calculus.

The Cleveland company will exit indirect auto lending and close branches so it can devote more resources to mortgages, student loans and other relationship-driven, digital-friendly businesses.

The coronavirus pandemic has spurred more private buyers to acquire senior care homes, and the Oklahoma lender is eager to back them.

PayPal isn’t the first company to open its platform to cryptocurrencies, but its technique is more hands-on than most payment providers.