2025年1月8日 · Ever since November’s presidential election cemented Donald Trump’s return to the White House, speculation has been rife that the banking sector would see a downturn in regulation, an uptick in mergers and acquisitions, and a boost in the profile and credibility of cryptocurrencies.If these early days of 2025 seem like a wait-and-see period, there may be something to that.

2024年11月27日 · It’s not the first time Evolve has been sued related to Synapse ledger issues. Yotta sued Evolve in September, claiming that the lender “utterly” failed in its most basic duty to its customers by misplacing tens of millions of dollars in customer funds.. Most end-user funds were held in omnibus for-benefit-of accounts; the rest was held in demand deposit accounts across the four partner ...

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2024年10月30日 · Amid the Synapse ordeal, the FDIC proposed a recordkeeping rule last month to bolster recordkeeping for bank deposits received from third-party or non-bank entities that accept those deposits on behalf of consumers and businesses. The proposal aims to address the risks related to these third-party arrangements, like …

2025年1月8日 · Ally Financial laid off hundreds of its roughly 11,000 employees Tuesday, a spokesperson confirmed Wednesday. Spokesperson Peter Gilchrist said the job cuts, which aren’t specific to any location or line of business, amount to less than 5% of its workforce.

2024年12月19日 · The order blasts the bank’s management, IT, compliance and suspicious activity reporting. It also limits new products or services and restricts USAA’s ability to expand its membership criteria. USAA provides banking and insurance products to military members, veterans and their families. The ...

2024年11月1日 · Dive Brief: The Consumer Financial Protection Bureau is weighing an enforcement action against Capital One related to online savings accounts that have drawn litigation, the bank said Thursday in its latest quarterly filing with the Securities and Exchange Commission.; Customers who sued said Capital One led them to believe they were receiving a higher percentage yield than they actually were.

2024年11月20日 · Denver-based FirstSun Capital Bancorp and Seattle-based HomeStreet have agreed to terminate their proposed merger after determining “it is in the best interests of their respective companies,” both firms said in filings Tuesday.. The termination comes roughly three weeks after the banks disclosed they were “discussing the pursuit of an alternative regulatory structure ” for the deal ...

2024年4月16日 · The related consent order being lifted in February “was extremely important” in terms of public perception, Scharf said Friday. The Office of the Comptroller of the Currency said the San Francisco-based bank’s “safety and soundness” and its compliance with regulations prompted the agency to terminate the consent order.

2025年1月9日 · Last month, Citi promoted its largest cohort of managing directors in six years. Goldman Sachs in November elevated its most robust set of partners in 14. (That’s seven two-year cycles.) By the numbers, it may sound underwhelming that Morgan Stanley’s newest group of managing directors, announced Wednesday, is the bank’s biggest in just two years.