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.

Chatting up Square, Afterpay's Mexico vamoose and more in banking news this week.

The Tupelo, Mississippi-based institution hasn't made a bank deal since 2018, but it has acquired two asset-based lenders in the past 10 months.

Mid Minnesota Federal Credit Union named Bob Gerads, formerly of Falcon National Bank in Minnesota, to succeed Chuck Albrecht as president and chief executive.

Bank of America was an anchor investor for a new $100 million fund managed by Mendoza Ventures, which backs companies with founders from minority and other diverse backgrounds in the financial technology, artificial intelligence and cybersecurity industries.

The Securities and Exchange Commission is pushing back on Binance.US's plan to buy the bankrupt crypto lender Voyager Digital, a deal valued at about $1 billion, according to a bankruptcy court filing.

Genesis Global Trading has laid off more than 60 employees in its latest round of job cuts, amounting to roughly 30% of the troubled crypto brokerage's workforce.

Former Celsius Network Chief Executive Alex Mashinsky, whose once highflying crypto lender went bankrupt last year, was sued for fraud by the New York attorney general — the latest fallout from turmoil in the industry.

JPMorgan Chase Bank NA will have to face a lawsuit by a unit of the French maker of Ray-Ban glasses that claims the bank ignored suspicious transactions as cybercriminals drained $272 million from its New York bank account.

The top five have over five billion dollars in total loans and leases as of June 30, 2022.

John Deese stepped down as president and CEO of the West Palm Beach credit union, effective Dec. 31.

The crypto broker Genesis told clients in a new update that it needs more time to come up with a solution for the troubles at its lending unit.

Coinbase Global, the largest U.S. cryptocurrency exchange, said its U.S. unit reached a $100 million settlement with New York regulators for letting customers open accounts with insufficient background checks.

The accident killed the plane's pilot, Utah businessman Nathan Ricks. The Seattle company has named an interim chief while Beardall recovers after surgery.

Land of Lincoln Credit Union in Decatur has agreed to acquire Colchester State Bank in Colchester.

FTX founder Sam Bankman-Fried pleaded not guilty to criminal charges Tuesday, a move that lays the foundation for one of the most high-profile white-collar fraud trials in recent years.

The Spanish lender, aiming to become a leader among second-tier lenders in the U.S., expects to increase the number of bankers at its securities and advisory unit, its head of corporate and investment banking said.

Wells Fargo nabbed a spot among the top 10 advisors on mergers and acquisitions last year, a first for the firm as it ramps up its investment bank under Chief Executive Charlie Scharf.

Return to office vs. remote work, the Great Resignation, rising wages in the face of inflation, workers trying to unionize, the ongoing fight for diversity in hiring and promotions: the year in human resources.

This year saw far more abandoned deals than the previous one. The list includes State Street's abandoned purchase of Brown Brothers Harriman Investor Services and FVCBancorp's failed merger with Blue Ridge Bankshares.