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Bank of New York Mellon's Frankfurt offices are being raided by Cologne prosecutors as part of their vast investigation into the controversial Cum-Ex scandal that has increasingly ensnared Wall Street's biggest banks.

Organizing relief initiatives for Ukraine, launching charities for children's hospitals and growing an institution to more than $4 billion of assets are benchmarks in Foulke's more than 45-year career.

U.S. consumers are more likely to apply for a credit card, and less likely to get rejected, than they were last year, according to a New York Fed survey. The card industry is growing even as the mortgage and auto lending sectors show signs of retrenchment.

Sens.  Debbie Stabenow, D-Mich., the committee's chairman, and John Boozman, R-Ark., its ranking member, will need to revamp their legislation to oversee crypto, which was supported by FTX Chief Executive Sam Bankman-Fried.

A Dallas-based startup that planned to build a banking option for folks who find Wall Street too liberal has laid off most employees and will cease operations.

BMO Financial in Canada and Re:start, a neobank in Texas, are letting those displaced by war apply for accounts online with atypical documentation.

Banks are underwater on many bonds they bought before interest rates began their sharp rise. The impact has been wide-ranging — decreasing the industry's interest in stock buybacks, dampening the appetite for M&A and raising concerns about some smaller institutions' ability to borrow from the Federal Home Loan banks.

SoFi Technologies was supposed to divest its digital-asset trading arm when it acquired Golden Pacific Bancorp, but Senate Democrats say the bank has instead expanded it.

Deutsche Bank is weighing cuts to its leveraged finance unit as part of a review by CEO Christian Sewing into underperforming businesses as his three-year restructuring concludes.

The bank said Monday that its interim president and CFO had resigned. This followed the departure of its previous president earlier in November.

The $683 million-asset credit union opened a loan production office in Enfield dedicated exclusively to mortgage and business lending.

If a $6.3 billion subsidy only generates a $304 million return in terms of housing and community development support, is that money well spent?

A partnership with Singapore authorities and a project with a network of banks aim to demonstrate the viability and interoperability of central bank digital currencies.

Walmart health care executive Cheryl Pegus will join JPMorgan Chase's Morgan Health venture as a managing director, with aims to improve employer-sponsored health care.

Moves by cryptocurrency exchanges to reassure markets about their stability are having little effect on jittery users, who keep pulling funds from the venues.

A new report by the examiner of the bankrupt crypto lender Celsius Network details shortfalls in controls and operations at two of the company's product offerings related to digital assets it held in custody for customers, raising issues of whether and how these users can get reimbursed.

Brown has been with the online lender almost since it was spun off from General Motors, helping it broaden its product offerings and take a stand on overdraft fees. Now he must help Ally confront a looming recession.

Savarese was drawn to a career in the financial services industry after witnessing firsthand how economic stability can improve the lives of others. She then spent 17 successful years running the Massachusetts mutual.