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Yie-Hsin Hung will join State Street Global Advisors in December, succeeding Cyrus Taraporevala, who has been CEO since 2016. The hiring comes as the Boston-based custody bank continues to await regulatory approval for its acquisition of Brown Brothers Harriman's investor services division.

Angel Oak Capital Advisors has helped institutional clients buy subordinated debt with the assistance of a distributed ledger developed by Brightvine. Benefits to the issuer and investors include a central place to find all documents and automated updates when banks pay off their loans.

Financial institutions continue to push back against efforts to be held liable when a consumer is tricked into sending a payment that later turns out to be a scam.

The online lender approved Black applicants at lower rates than non-Hispanic whites, according to a law firm that monitors its artificial intelligence models. Upstart said it's an industry leader in fair lending but acknowledged room for improvement, calling disparities "an industry-wide challenge."

Buy now/pay later loans took off during the pandemic, but the market has gotten crowded. Now, lenders are seeking to set themselves apart with new audiences or business models.

Vermont State Employees Credit Union is attracting new cannabis clients so rapidly that it had to press the pause button to add staff. Another New England lender, Needham Bank, is building its own pot banking business through acquisition.

Reports of the death of branch banking have been greatly exaggerated.

The bank will use the deal to bolster the digital services that it sells to hospitality clients.

The Federal Reserve's capital requirements came up repeatedly during this week's bank CEO hearings, with leading Republicans taking banks' position that capital requirements are excessive.

As the world reshapes its alliances around the Ukraine war, how will banks work with companies and governments to keep trade and the financial system running?

These standout performers all reported a three-year return on average equity above 14%. Two of them topped 20%.

Leading institutions with assets between $10 billion and $50 billion say growth strategies outside their traditional geographic bounds drove strong returns in 2021 and have steeled them for this year's challenges.

The company says it will streamline its United Kingdom operations to focus on private banking and wealth management to serve affluent clients in that market.

Though quantum computing is not quite ready, banks are testing it for portfolio optimization, index tracking, options pricing and other tough mathematical problems.

From avocado-toast debit cards to pumpkin spice-themed loans, financial institutions are running culinary initiatives to bring consumers to the table.

The committee's top Republican warned that banks that prove too deferential to left-leaning social causes could face consequences the next time the GOP controls Congress.

The Cleveland bank turned to Oracle when it wanted to modernize its non-real-estate consumer lending.

The Rhode Island bank's agreement to purchase power from Ørsted will support the development of a new wind farm in Kansas. Citizens will receive renewable energy credits.

Since it began using virtual reality to instruct employees one year ago, BofA has expanded its use of the technology for challenges that require split-second decisions.

The number of U.S. banks has dropped by two-thirds since the mid-1980s. Everyone expects this trend to continue for the foreseeable future. But at what point does M&A cool?