Shareholders of a tiny Ohio bank have sued its founders, seeking to
Towne Bancorp, Perrysburg, Ohio, began selling shares to the public in
The class action, filed in the Western Division of U.S. District Court
The suit alleges that Towne Bancorp's officers violated securities laws
"There are certainly rules you have to follow when you are raising
The defendants have not yet responded to the charges. An attorney for
Towne, which had $20 million of assets, was sold in June to Exchange
A new study has decoded banks' television commercials, analyzing what the messaging reveals about the bank behind the advertisement. When an ad leans too hard on emotions, researchers found, viewers should beware.
The head of the government-sponsored enterprise's oversight agency said the cuts were made to positions that weren't central to mortgages and new home sales.
The Billings, Montana-based bank finds itself in the crosshairs of a high-profile activist investor. On Thursday, it stuck to its organic growth plan and said it isn't interested in using its excess capital to restructure its securities book.
Top SBA lenders are warning about the impact of a prolonged shutdown. NewtekOne skipped providing fourth-quarter guidance after its CEO said the situation was too cloudy to forecast.
The U.K. bank's "Scam Intelligence" tool uses Google's Gemini to analyze images and texts for red flags, aiming to reduce losses from authorized push payment fraud.
A commonly used standard for property and casualty insurance will offer a carve-out for generative AI liability starting in January. Startups like Testudo, Vouch and Armilla AI stand by to scoop up that business.
