The Phoenix, Arizona-based lender’s CEO called the investment bank’s decision to cease payments “shocking.” Jefferies said ...

Glen Herrick, who resigned from MVB’s board, cited a “lack of alignment between pay and performance” and a “lack of strategic focus on core profitability.” ...

The application comes amid fierce blowback from a bank trade group leader who criticized the OCC’s “unfettered discretion” on which firms get charters and for which activities.

The bank has sufficiently demonstrated improvements in governance and risk management since its 2016 fake-accounts scandal, ...

Cetin Duransoy has been named the fintech’s U.S. CEO, succeeding Sid Jajodia, who is now global chief banking officer.

Access to the Federal Reserve’s payment system has long been a dream for cryptocurrency firms, including Custodia Bank, which ...

The bank has endeavored to work “hand in glove” with fintechs, rather than build tools thinking it will beat them, an ...

Community lenders warned that boosting an asset threshold to $700 billion from $50 billion would go “far beyond what is appropriate or safe.” But large banks want the heightened standards scrapped.

The banking behemoth’s application lands at the OCC as a flurry of fintechs vie for the same license. Morgan Stanley has ...

The approval caps a nearly six-year journey for the investment firm, which aims to launch an industrial bank next year.

The green light, which came roughly four months after Crypto.com applied, follows conditional approval for trust charters at ...

The bureau’s lawyer suggested the dispute could be settled out of court, while the D.C. Circuit may kick the case back to a ...