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

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

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

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

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

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.

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.

Numbers shared with the state of Illinois indicate 1,075 people will be let go in May, and another 81 on June 1.