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.

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.

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.

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.

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 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.

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 ...

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.

“Companies that aren’t prepared to take advantage of this AI Revolution will fall behind and, over time, will no longer exist ...

Even if the SAFER Banking Act passes, the infrastructure exists within the cannabis industry for third parties to do the kind of accrediting the Joint Commission does for the healthcare field, says ...

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.