Ronald Celaschi will succeed Brad Warner, who announced his intention to retire last year.

Cloud providers don't communicate well about outages and small banks lack the right staffers, among other issues federal regulators identified.

Goldman Sachs, Capital One and New York Community Bank are shrinking their workforces, and other banks are planning to do the same. Whether such reductions become more widespread will depend largely on loan demand in 2023, according to analysts.

The payments app is gradually adding network support for substitute card numbers, which can reduce friction at the point of sale while providing fraud protection.

The 10th largest credit union in the U.S. is expanding its Florida footprint to Orlando.

The bank was already mulling headcount and compensation reductions in early September.