With the new offering, the fintech aims to capture a larger share of the B2B payments market, working with partners in addition to selling directly, Brex's president said.

The allegations come from Yotta Technologies, a fintech that says its customers are currently locked out of more than $100 million in funds.

Hope Dmuchowski, CFO of First Horizon, shares the lessons that helped shape her path to finance chief and guided her approach to leadership.

Regulators’ revamped guidelines increase the agencies’ discretion, which is likely to stoke industry uncertainty and, perhaps, extend the timeline to approval, analysts say.

Large institutions welcome the move to extend the operating hours of two interbank payments systems, but smaller ones may feel the squeeze of increased workload, staffing and competition.

Banks must maintain evidence that customers have opted in to overdraft coverage, the Consumer Financial Protection Bureau said Tuesday in a policy reminder. The agency is fighting what it calls ...

The regulator also approved a policy update to consider small business and residential loan originations, in addition to deposits, when evaluating a merger’s competitive effects.

Donald Felix, a 25-year banking veteran, will succeed Craig MacKay, who became interim CEO of the Black-owned bank last year when the company weathered a “hostile takeover” attempt from an investor.

Johnbull Okpara will join Bank of America in December, replacing Rudolf Bless, its chief accounting officer of nearly 10 years. The bank did not give a reason for Bless’ departure.

In the balance of build-vs.-buy, the bank was creating too much from scratch, and to build its own retail wealth pathway would have been a “bridge too far,” BNY CFO Dermot McDonogh said last week.

Anand Selva will co-lead the data program with Tim Ryan. Japan Mehta, the outgoing data chief, will transition Ashutosh Nawani into the new role of head of enterprise data office and data ...

The deal includes 25 branches, $900 million in loans and $2 billion in deposits; but not Sterling’s sole Michigan branch or its $372.9 million portfolio of residential tenant-in-common mortgage loans.