The Federal Reserve Board and state regulators signed off on the $1 billion deal, paving the way for a late 2023 closing. The approvals were significant given that other large combinations have run into trouble.

The top five banks and thrifts have combined total deposits of nearly $7.5 trillion.

Mergers may be shrinking the overall number of credit unions, but they have provided valuable scale to those that remain.

The global clearinghouse inked the deal with Securrency as part of its push to expand the use of the emerging technology in capital markets.

JPMorgan Chase pilots Mastercard's open-banking tech for U.S. bill payment; Benson F. "Buzz" Roberts will retire at year-end as CEO of the National Association of Affordable Housing Lenders; and venture capital firms pour funds into bank vendors.

Genesis and DCG were accused in the suit of trying to conceal spiraling losses. The state said it wants to ban Gemini, Genesis and DCG from the financial investment industry in New York.

Visa said Chairman Al Kelly, the payments giant's former chief executive officer, will leave the board in January.

Goldman is selling $4 billion of fixed-to-floating rate notes in two parts while BNY Mellon is selling $2 billion with a similar structure and durations, according to people with knowledge of the matter.

Even with the declines, Morgan Stanley joined the biggest U.S. banks in surpassing trading expectations.

Earlier this year, HSBC agreed to pay tens of millions of dollars in settlements to U.S. regulators over its failure to monitor employees' communications on unauthorized messaging apps, including WhatsApp.

The servicer said it entered into the consent order "without admitting any wrongdoing, to avoid the expense and distraction of litigation."

The bank argues federal law preempts a New York state statute requiring at least 2% interest payments on borrowers' accounts.

The deal, first announced in September 2022, would have given Taichung Commercial Bancorp a foothold in several U.S. markets.

The biggest U.S. bank is selling green bonds for the first time in over two years as sales of the debt accelerate at a record pace. 

Mitsubishi UFJ Financial Group has mandated banks to sell dollar-denominated additional tier 1 bonds, in what looks set to be the first such offering in the U.S. currency by any Japanese lender. 

Crypto lending is still small compared with the leverage bubble that took down large swathes of the sector when it burst in 2022, and executives say they've taken pains to avoid a repeat.

Glen Point co-founder Neil Phillips, whose trial begins Monday in Manhattan federal court, is accused of defrauding Morgan Stanley as the counterparty on a $20 million option pegged to a "barrier" exchange rate between the U.S. dollar and South African rand.

Under the proposals, banks with at least $100 billion in assets would have to boost the amount of capital set aside by an estimated 16%.

Net income — which analysts estimated would fall 22% — rose slightly, the New York-based firm said Friday.

After Archegos' collapse, Nomura had lost almost $3 billion, one of the biggest losses in the history of the prime-broker industry that caters to investment funds.