Having reached several tens of millions of dollars in revenue and serving around 100 customers, interface.ai has demonstrated ...

With Openbank, already established in the European market, the lender aims to accelerate its U.S. growth strategy by generating more deposits to fund its auto lending.

Truist predecessor SunTrust approved disbursements that weren’t in the best interests of beneficiaries of trust accounts linked to a lead poisoning settlement, the Justice Department said.

The bank is simplifying its business into four spheres, and has tapped its chief risk and compliance officer, Pam Kaur, to become its next finance chief.

Payment apps are included in the data-control rule, in a change from last year’s proposal. Banks and credit unions with less than $850 million in assets are exempt.

Alleged "fraud" is believed to be behind the First National Bank of Lindsay's failure, the second U.S. bank collapse this year. The FDIC’s Deposit Insurance Fund will take a roughly $43 million hit.

Customers who are owed will be asked to choose a payment method Nov. 4, with payments beginning “shortly thereafter,” the bank said Saturday.

The payments processor can undercut rivals on price because it won’t be paying bank fees, industry consultants say.

As the bank approaches five years since the completion of the SunTrust-BB&T merger, Truist CEO Bill Rogers sought to assure analysts Thursday that it’s on offense rather than defense.

Fortress Investment Group extended $2 billion to SoFi and led a $500 million purchase facility to Best Egg to help grow their loan platforms.

CEO Jane Fraser cited the bank’s ability to cut expenses while addressing the data, risk and control flaws regulators have flagged.

CEO David Solomon touted an “improving operating environment” and reported double-digit percentage-point gains in wealth management and investment banking fees. But its Platform Solutions business saw ...