Rajashree Chakravarty

The comment window for the agency’s third-party recordkeeping rule has been extended by 45 days.

Emily Turner, a 13-year veteran at Citi, will become the CEO of the HSBC Innovation Banking UK unit, starting in February.

The Dallas-based bank tapped Thomas Shafer, an M&A veteran at TCF and Huntington, as its next chief, replacing Scott Kavanaugh, who retired.

The four banks – Evolve, AMG National Trust, American Bank and Lineage – which held end-user funds, were sued Friday as thousands of customers were left without access to funds post-Synapse collapse.

The Federal Reserve cleared United Bank to proceed with its proposed $267 million acquisition of Piedmont Bancorp less than seven months after the deal was announced.

The agency opted not to impose a fine on the U.S. unit of China's largest bank, which had difficulty updating system books and records after a 2023 cyberattack.

Milli Bank, the online-only banking platform of FNBO, said last month it had closed its doors, without citing a reason.

The Hillsboro and Salem offices, with 500 and 221 employees, respectively, might be impacted by the lender's decision to pull out of these locations, according to a WARN notice Tuesday.

When asked by lawmakers whether he would resign Jan. 20, CFPB Director Rohit Chopra said he serves a five-year term but that the president “can remove us at any time.”

The Arkansas Republican will lead the committee after current chair Patrick McHenry, R-NC, retires at the end of his term.