The bank’s CEO and president rebuffed statements they called “absurd” and “false and misleading,” adding that Jefferies has no obligation to repay $126 million. The executives also addressed exposure ...

The president’s order comes a day after industry executives emphasized the need for better coordination among lenders, law enforcement and government at a House subcommittee hearing.

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

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

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

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

Numbers shared with the state of Illinois indicate 1,075 people will be let go in May, and another 81 on June 1.

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

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

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.

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