In a LinkedIn post, Totem’s CEO didn’t provide details on what led to the startup’s demise, but suggested investors wanted to see progress more quickly from the fintech.

The biggest U.S. bank is piloting payments processing for biometric transactions, with plans to use it at the hamburger chain Whataburger, which lets customers pay with a face scan.

Morgan Stanley and Wells Fargo appear to be test cases in an SEC probe into whether broker-dealers are offering the best options they can for clients’ uninvested cash.

Jack Poulsen, former president of Ericson State Bank, which failed in 2020, allegedly issued loans to one of his relatives and kept information from the bank’s board.