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.

Cross River Bank has appointed three new board members to help bolster its growth, risk management, and technology innovation, the bank announced Monday. The Fort Lee, New Jersey-based bank’s move ...

Christine O’Reilly's supervisor instructed her to “play the game” to help ICAP maintain its relationship with Citi, according to a lawsuit filed Monday.

The guidance again delays the deadline to submit wind-down plans but contains expectations for single- and multiple point-of-entry resolution for banks with $250 billion to $1 trillion in assets.

More than $33 million will go to members who were sent remediation checks in 2021 and never cashed them. Plaintiffs said the checks came in “nondescript envelope[s]” that looked like “junk mail.” ...

The 185-page ruling Friday did not resolve the legal battle between SVB Financial Group and the FDIC over $1.9 billion in seized funds. That case will play out in a California court.

To serve midsize business clients, the Canadian lender is bolstering its presence in the southeast, while the Providence, Rhode Island-based bank has its eye on California.

The company filed for bankruptcy in January 2023. User funds had been frozen since November 2022 when the crypto lender ran into liquidity issues following the collapse of FTX.

The bank in May flagged government inquiries over its handling of disputes involving the P2P platform. But Friday, it said it would consider litigation if the agency were to issue an enforcement ...