Money movement infrastructure company Modern Treasury says it wants to establish a national trust bank. The company announced Monday (Oct. 5) that it had applied...
Two U.S. Senators are opposing OppFi’s attempt to acquire a national bank. Democrats Chris Van Hollen of Maryland and Elizabeth Warren of Massachusetts wrote to...
Moving money faster has compressed the time banks have to answer a more complicated question: How should this particular payment move? A transaction can arrive...
China has reportedly closed almost 25% of its banks amid increased oversight of smaller lenders. The world’s second largest economy shuttered a record 670-plus banks...
Wall Street banks are accelerating artificial intelligence hiring as they shift from chatbots to AI agents. Hiring is expanding beyond model builders to engineers who...
The Office of the Comptroller of the Currency rated three banks “outstanding” and 10 “satisfactory” in its latest list of banks examined for Community Reinvestment...
A payment moving from one country to another passes through banks, clearing systems and payment networks that operate under different rules. The recipient information used...
Fifth Third Bank has introduced a new offering aimed at startups and growth companies. Fifth Third Innovation Banking, announced in a news release Thursday (Oct. 1), combines the...
British universal bank Barclays expects half of its developers to be using Anthropic’s agentic artificial intelligence coding tool Claude Code by the end of the...