

The regulator cited anti-money-laundering deficiencies in its decision, signaling the government is keeping a close eye on the issue even in a broader deregulatory environment. That means fintechs will be recruiting compliance experts from banks.
The mortgage subsidiary of PlainsCapital Bank saw improvement in its bottom line but remained in the red amid ongoing affordability constraints.
The House Financial Services Committee's Republican majority backed slower funds availability and declined to shift authorized-scam losses onto banks.
BNY's Robin Vince and Nubank's David Velez have joined the boards of the OpenAI Foundation and OpenAI Group Public Benefit Corporation; Old National Bancorp has revamped its top leadership teams; City National Bank appointed Lindsay Dunn executive vice president and head of personal and business banking; and more in this week's banking news roundup.
The Long Island-based regional bank gave investors a mix of good news and bad news on Friday, as it continues its strategic overhaul.
CEO Steve Squeri said the company is adding fewer customer service representatives and is cutting down on a backlog of technology projects.