Compliance

Neuberger Berman launched a new junk-bond fund using tokenized securities, a process that has been the focus of crypto firm Securitize for more than a decade.

Executives at three regional banks that are participating in a tokenized-deposit network discussed how they are retooling their risk practices to fit always-on conditions.

Eight pleaded guilty in an $11-million scheme that changed or invented business registry records, then opened accounts as the payee at about 30 institutions.

The march toward tokenization of assets includes a storied Wall Street firm offering its latest fund on four distributed ledgers.

The New York State Department of Financial Services warned banks about a security vulnerability in IT software. Now it's acknowledged some companies it oversees were affected by it.

As community banks lean on third-party vendors to keep up with AI developments, executives say regulatory standards must be put in place to account for the increased risk they face.

Many banks can't say what software their IT provider runs. Only 58% of community and midsize banks even hold the right to audit that vendor, a survey found.

The company, which says it serves 93% of credit unions, expects most key processes to run by mid-August. Its status page still said "Investigating" Wednesday.

Santander's employee data was breached. Credit unions that were never breached are suing over the cards they had to reissue.

First Guaranty in Hammond Louisiana agreed to a consent order with federal and state regulators that's aimed at improving its credit quality.