As the potential for a recession looms, the New York bank is continuing with its plan to grow wealth management and shrink its foreign consumer banking footprint.

Linda White, who has led Upward for more than 24 years, will step down Sept. 1.

Acting Comptroller of the Currency Michael Hsu lauded the agencies' unified Community Reinvestment Act proposal's focus on climate policies, while Federal Reserve Vice Chair Lael Brainard trumpeted the data-driven aspects of the proposal.

An American Bankers Association panel of experts predicted much slower economic growth, but agreed that the U.S. economy will avoid a recession over the next couple of years.

The credit union’s members are disproportionately targeted by cybercrime. Password managers are critical to helping them protect themselves, said data security chief Mike Newborn.

The Columbus, Ohio-based bank will incorporate corporate and customer-facing digital tools it obtained by acquiring fintech Digital Payments Torana in May.