Jim Reuter retired this year as FirstBank’s CEO, saying he was “looking forward to pursuing other interests.” As it turns out, that includes leading another bank.

Todd Gray says bank higher-ups pushed him away when he showed concern about a new mortgage subsidiary. That subsidiary cost the bank millions of dollars before shutting down last year, he said.

The JPMorgan CEO largely dismissed the idea of serving in the next presidential administration, although “I don’t make promises.” Wells Fargo’s CEO, meanwhile, said work to address the bank’s AML ...

October, 1, 2024 — Castatus is excited to announce the integration of Critical Alerts to their Castatus application enhancing ...

Tally’s assets will be integrated into the existing products of both firms, according to company spokespeople. Tally shuttered in August this year over failure to raise funds.

Data Breaches Remain a Top Threat: 44% of financial services organizations have experienced a data breach in the last year. Two-thirds of companies are reluctant to adopt new technology due to ...

The February breach involved personal information held by debt collector Financial Business and Consumer Solutions and did not impact Truist’s network, the bank said in a letter.

To address that, lenders need to be more transparent about their artificial intelligence use and educate customers on the benefits and safeguards involved, analysts said.

Rollstone will add 10 locations, more than $900 million in assets, and wealth management and trust services to the River Run umbrella.

Creditors will receive up to $16.5 billion, nearly two years after their funds were frozen by the crypto firm’s shocking bankruptcy, according to a plan approved by a judge Monday.

The private-equity giant is targeting $1.5 trillion in five years. Further, it wants to push its annual origination volume to $275 billion, making a serious run at market leader JPMorgan.

Fiserv has allowed Zūm Rails to use its embedded finance system to bring open banking and instant payments to Fiserv’s U.S. business customers.