WealthOne Bank of Canada is looking to raise $150 million Canadian dollars (about $105 million) as it pursues relationships with FinTechs and wealth firms as well as retail clients, Bloomberg reported Friday (Nov. 13). The bank was acquired by a group of backers led by...
U.S. Bank plans to add 60 roles to its middle market banking team nationwide over the coming months, the bank said Thursday (Nov. 12). The bank plans to hire relationship managers, business development executives and specialists, including in Florida, Texas and California. The hires will...
The U.K.’s Metro Bank has put itself up for sale following a series of job cuts. The challenger bank announced Thursday (Nov. 12) that its board had begun a review of options for boosting growth, including launching a formal sale process. “Metro Bank continues to...
A bank can hold digital dollars for its clients, help issue them with other institutions and use a payment network to settle obligations in them. Each job calls for a different investment. A series of announcements in recent days indicate where financial institutions are embracing...
KeyBank has introduced a series of enhancements to its digital and mobile banking offerings. The new additions, announced Tuesday (Nov. 10), are designed to provide clients with personalized financial guidance, while also boosting security and making it easier to save. “The updates reflect how Americans...
Banks are beginning to consider how much access artificial intelligence (AI) agents should have to customers’ online banking accounts, as financial institutions weigh the potential of agentic AI against security and account-access concerns. In a recently released survey of 70 bankers, the Federal Reserve Bank...
PNC Bank is making incoming USDC stablecoin payments available to its corporate and institutional clients. These clients can now receive payments in the dollar-backed USDC on the Ethereum blockchain, powered by Coinbase’s payments products, PNC announced Monday (Nov. 9). “Our clients are continually looking at...
Coinbase has reportedly gotten regulatory approval to establish a nationally-chartered trust bank. The approval by the U.S. Office of the Comptroller of the Currency (OCC) marks the latest example of digital asset companies moving into the traditional finance space, Bloomberg News reported Monday (Nov. 9)....
Binance stopped withdrawals after attackers stole $6.3 billion in digital assets on Oct. 30. The cryptocurrency exchange restored access in stages. By Monday (Nov. 2), Federal Reserve and Office of the Comptroller of the Currency supervisors were asking banks in the United States whether they...