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The bank hired an executive from The Bancorp to manage its risk operations after the incumbent, Jeff Curry, announced his retirement.
January 9 -
The deal would create a $3.2 billion-asset bank with branches in four states, including an expanded presence in Texas.
January 9 -
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The New York City firm will wrap up its relationships with four institutional crypto-asset clients this year.
January 9 -
Christopher Oddleifson plans to step down from the Massachusetts bank in February. The company named Jeffrey Tengel, most recently an executive at M&T Bank, as successor.
January 9 -
By adding the Atlanta-based Paya, the Canadian payment technology firm can expand its client base in business-to-business transactions, government agencies, utilities and health care.
January 9 -
Big banks are aiming to bring their existing technologists up to speed with cloud certification and other modern architecture training.
January 9 -
Esther George, the president of the Federal Reserve Bank of Kansas City, is retiring later this month. What's taking the bank so long to find a successor?
January 9 -
The Most Powerful Women in Credit Unions: Next program recognizes high-achieving women, 40 years of age and younger, in the pipeline to the C-suite.
January 9 -
Smaller credit unions' focus on interest rates and service may not be enough to overcome a lack of tech resources. All categories below $1 billion of assets lost members in the third quarter compared to a year earlier, despite a 4.4% rise in membership industrywide.
January 9 -
Credit Suisse Group is close to an agreement to buy Michael Klein's advisory boutique after several rounds of tense negotiations, according to people briefed on the talks.
January 9 -
Goldman Sachs is embarking on one of its biggest rounds of job cuts ever as it locks in on a plan to eliminate about 3,200 positions this week, with the bank's leadership going deeper than rivals to shed jobs.
January 9 -
U.S. regulators show far too much deference to an international body with no actual legal authority.
January 9
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A new Risk Management Association survey found that 84% of small lenders cite credit quality as a leading worry for 2023 because of the likelihood of a recession.
January 8 -
The cryptocurrency conglomerate Digital Currency Group closed its wealth management division, the latest sign of trouble amid a deep and prolonged slump in the crypto industry.
January 6 -
When U.S. banks fell like dominoes during the Great Depression, the cause was often a classic run: Depositors withdrew cash en masse amid fears that lenders were amassing huge losses on bad loans and investments. The cryptocurrency era just put a new twist on that.
January 6 -
The Consumer Financial Protection Bureau's outline for upcoming regulations reflects the efforts of Director Rohit Chopra to reduce credit card late fees and overdraft fees.
January 6 -
The plaintiffs allege that the banks did not catch obvious red flags or implement proper safeguards such as requiring two employees to approve each transaction.
January 6 -
Chatting up Square, Afterpay's Mexico vamoose and more in banking news this week.
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