Private Bank of California in Century City, Calif., announced that it hired Kevin LaPorte as a vice president and relationship manager.
Mr. LaPorte has more than 10 years of banking experience; he has worked in private banking, business management, and real estate in the Los Angeles area.
Private Bank of California, which announced the hiring Tuesday, is a state-chartered commercial relationship bank.
The Charlotte-based bank is hoping to bring request for payment technology into the mainstream. Early Warning sees bill pay as another use case to expand its payment network beyond its peer-to-peer roots.
After Silicon Valley Bank collapsed in 2023, its remains were acquired by First Citizens Bancshares, which kept using the failed bank's name and logo. At the end of 2026, that's coming to an end.
An uptick in problem loans within the heavily scrutinized office sector pushed down share prices at Rhode Island-based Washington Trust and Bank OZK in Little Rock, Arkansas, even though both banks reported solid profits.
Both banks deny their networks were breached. Experts say the data likely points to a single vendor that was compromised.
James filed a pair of lawsuits against Coinbase and Gemini arguing that they violated New York's sports gambling laws.
Credit risk transfers, a means by which banks can move risk off their balance sheets, earned considerable bipartisan support in a House Financial Services subcommittee hearing Wednesday.
