The Pittsburgh bank said the commitment supports its community benefits plan and will help meet client demand for climate-friendly investments.

Investors worry the intersection of rising interest rates and festering inflation could conjure a recession and drive loan losses. This would keep stock prices suppressed, but share buybacks and merger activity could counter that.

Frank Zampella, the chairman of the $526 million-asset credit union, will serve as interim CEO now that Tom Graves has retired.

Voyager Digital Ltd. won court approval to sell its crypto platform to Binance.US for $20 million as part of Voyager's plan to liquidate in bankruptcy.

The U.S.-based cryptocurrency exchange Coinbase Global is closing the bulk of its operations in Japan as part of a move to adjust international investment amid a slump in the digital-asset sector.

Eric Bergevin, president and CEO of Integrated Financial Holdings, was killed in the Jan. 7 accident, the company said.

The company will also be reducing its servicing portfolio.

The San Francisco bank is concentrating its efforts in Denver, Los Angeles and San Francisco.

The green light from the FDIC marks the end of the acquisition's final regulatory hurdle. The banks expect the deal to close by the end of February.

4Front Credit Union in Traverse City has agreed to buy Old Mission Bank in Sault Sainte Marie. There were 16 such acquisitions announced in 2022.

Employees of the $11.8 billion-asset institution's South Division Avenue branch organized with the Communications Workers of America in an affirmative vote.

The credit union has named Michael Sferro as its new president and chief executive. Sferro succeeds Rose Bartolomucci, who retired at the end 2022.

The Texas credit union promoted Luke Billeri, its executive vice president, to chief executive Jan. 1. He succeeds Randy Theilig, who retired.

The U.S. Commodity Futures Trading Commission filed a lawsuit against crypto trader Avraham Eisenberg for allegedly manipulating the price of swaps contracts as part of a scam to steal $114 million.

Coinbase Global is firing about 950 employees, or 20% of its workforce, as the worsening crypto slump spurs another round of layoffs at the biggest U.S. digital-asset exchange.

The deal would create a $3.2 billion-asset bank with branches in four states, including an expanded presence in Texas.

The New York City firm will wrap up its relationships with four institutional crypto-asset clients this year.

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.

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.

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.