The Phoenix, Arizona-based lender’s CEO called the investment bank’s decision to cease payments “shocking.” Jefferies said ...

Glen Herrick, who resigned from MVB’s board, cited a “lack of alignment between pay and performance” and a “lack of strategic focus on core profitability.” ...

The application comes amid fierce blowback from a bank trade group leader who criticized the OCC’s “unfettered discretion” on which firms get charters and for which activities.

The bank has sufficiently demonstrated improvements in governance and risk management since its 2016 fake-accounts scandal, ...

Cetin Duransoy has been named the fintech’s U.S. CEO, succeeding Sid Jajodia, who is now global chief banking officer.

Access to the Federal Reserve’s payment system has long been a dream for cryptocurrency firms, including Custodia Bank, which ...

The bank has endeavored to work “hand in glove” with fintechs, rather than build tools thinking it will beat them, an ...

Community lenders warned that boosting an asset threshold to $700 billion from $50 billion would go “far beyond what is appropriate or safe.” But large banks want the heightened standards scrapped.

The banking behemoth’s application lands at the OCC as a flurry of fintechs vie for the same license. Morgan Stanley has ...

The approval caps a nearly six-year journey for the investment firm, which aims to launch an industrial bank next year.

Asset-backed securities investors accused the banks of ignoring “giant red flags” about the bankrupt subprime auto lender and “enabling” its “massive fraud.” ...

Jennifer Smith, Zions’ chief technology and operations officer who also serves as CIO, is leaving, the Salt Lake City-based bank confirmed Tuesday. Two executives will split her duties.