The firm, which has no remaining lines of business, has filed for bankruptcy 18 months after that of its subsidiary Silvergate Bank.

Ryland McClendon’s appointment comes amid a spike in concern over the workload and expectations of associates and analysts after a 35-year-old Bank of America banker died in May.

Raymond Chun, TD’s group head of Canadian personal banking, will become the lender’s next CEO, as the bank works to resolve issues within its U.S. anti-money laundering program.

With the new offering, the fintech aims to capture a larger share of the B2B payments market, working with partners in addition to selling directly, Brex's president said.

The allegations come from Yotta Technologies, a fintech that says its customers are currently locked out of more than $100 million in funds.

Hope Dmuchowski, CFO of First Horizon, shares the lessons that helped shape her path to finance chief and guided her approach to leadership.

Regulators’ revamped guidelines increase the agencies’ discretion, which is likely to stoke industry uncertainty and, perhaps, extend the timeline to approval, analysts say.

Large institutions welcome the move to extend the operating hours of two interbank payments systems, but smaller ones may feel the squeeze of increased workload, staffing and competition.

Banks must maintain evidence that customers have opted in to overdraft coverage, the Consumer Financial Protection Bureau said Tuesday in a policy reminder. The agency is fighting what it calls ...

The regulator also approved a policy update to consider small business and residential loan originations, in addition to deposits, when evaluating a merger’s competitive effects.

Donald Felix, a 25-year banking veteran, will succeed Craig MacKay, who became interim CEO of the Black-owned bank last year when the company weathered a “hostile takeover” attempt from an investor.

Johnbull Okpara will join Bank of America in December, replacing Rudolf Bless, its chief accounting officer of nearly 10 years. The bank did not give a reason for Bless’ departure.