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

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

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

The social media giant is exploring the use of stablecoin payments in its app ecosystem, years after its Diem digital ...

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

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

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

The application comes amid fierce blowback from a bank trade group leader who criticized the OCC’s “unfettered discretion” on ...

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

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

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

The cross-border platform joins the influx of fintechs seeking banking licenses to issue and custody stablecoins. The OCC has ...