The rating agency has revised the long-term issuer default rating for PacWest Bancorp and its banking subsidiary, Pacific Western Bank, from "BBB" to "BBB-" and says it doesn't expect the bank's common equity Tier 1 ratio to bounce back anytime soon.

The Consumer Financial Protection Bureau said a company doesn't need to experience a data breach for the agency to consider taking action.

Education in financial literacy instills both know-how and confidence, knowledge most teens lack when transitioning into adulthood.

BlackRock is offering its first-ever investment product directly in bitcoin, marking a significant move into crypto markets by the world's largest asset manager.

U.S. Sen. Elizabeth Warren rebuked Federal Reserve Chair Jerome Powell for withholding information on trading by central bank officials during the pandemic and said an investigation into the matter by the Fed's inspector general was "troubling."

The federal jury acquitted a third defendant, a salesman on the desk who was accused of participating in the conspiracy.

Coinbase Global said it's being probed by the Securities and Exchange Commission over its staking programs, which allow users to earn rewards for holding certain cryptocurrencies.

Inflation and rising rates are some of the biggest issues industry executives and leaders are focusing on this year.

Rising interest rates, lower stock prices and other headwinds have caused many banks to pump the brakes on dealmaking. But some are betting that these trends will be too short-lived to deter them from engaging in mergers and acquisitions.

Huntington Bancshares has hired Shawn Lough, a veteran Truist Financial banker and West Point graduate, to help guide the sales strategy and goals of its consumer and business banking operation. It also expanded the duties of Digital Director Mark Sheehan to include deposits.

After naming a new CEO in March, the San Francisco bank has filled the second of two leadership voids created by executive resignations at the start of the year.

The pandemic-era freeze on student debt payments has "dramatically" improved credit scores for Americans who borrowed money to pay for college, the Federal Reserve Bank of New York said.

Chairman and CEO Craig Dwight is counting on the Indiana company's new president, Thomas Prame, to pursue nonbank acquisition targets after it scooped up more than a dozen banks in the past decade.

Tom Speir, a 13-year company veteran, will be in charge of merger and acquisition efforts at the Alabama bank.

Morgan Stanley tapped its treasurer to help run its banking units, where it's been building out its lending business over the last decade.

Brooks Lambertson was among three people killed during a storm Thursday in the nation's capital. The 29-year-old managed sponsorships for Los Angeles-based City National and was in Washington for business.

The serial acquirer agreed to pay $488.6 million for Professional Bank, which operates in areas of South Florida that have seen an influx of business activity since the start of the pandemic.

Goldman Sachs Group has extended a $150 million credit line to the Mexican startup Clara, which lends to corporations and helps manage their spending, the latest Latin American fintech to receive support from the New York-based banking giant.

Loomis, Sayles & Co. sued Citigroup, alleging the bank caused more than $70 million in losses while executing two separate trading orders that swamped the market.

Thomas Prame is leaving Old National Bancorp, which recently merged with his former employer First Midwest Bancorp, to join a smaller rival with aggressive growth plans.