Faraz Shafiq, formerly of AWS and Google, will oversee the bank's vision for enterprise-wide artificial intelligence initiatives.

The U.K. conducted simulated cybersecurity attacks on its banks' live systems and found they lack basic patching and identity controls.

The Brazilian digital bank Banco Inter now has a license from the Federal Reserve Board and the state of Florida to establish a virtual "branch" in Miami.

Shares of the California lender surged 25% on news of the leadership change and preliminary fourth-quarter earnings.