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

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

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.

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

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.

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

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.

TD expects to cut insurance claims costs by $150 million "in the medium term" through AI deployment, vendor optimization, fraud detection and process reengineering, CF ...

Whether major banks, such as JPMorgan Chase and Capital One, might have an interest in owning PayPal could turn on their ability to monetize that two-sided network.

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.” ...