The global clearinghouse inked the deal with Securrency as part of its push to expand the use of the emerging technology in capital markets.

The New York State Department of Financial Services and the Federal Reserve Board penalized Metropolitan Commercial Bank for failing to prevent $300 million in fraud in a prepaid card program. It is the latest example of a bank being sanctioned in connection with rampant fraud during the COVID-19 pandemic.

"We'll be taking steps to offset expense pressures," CEO Curtis Farmer told analysts after the company reported an 11% year-over-year jump in costs and falling profits.

Regulators will now accept feedback until Jan 16, 2024 — a six-week extension — concurrent with a Federal Reserve effort to gather additional information about the potential implications of the proposed capital changes.

Steve Squeri says the outcry over the airline's changes to its loyalty program has not hurt spending on co-branded Amex cards.

Acting Comptroller of the Currency Michael Hsu says the process of determining whether certain lending activities and investments qualify for Community Reinvestment Act credit under regulators' forthcoming final rule "has to be better and it's got to be faster" than the status quo.