App-based neobank Monzo has yet to make a profit in the UK

Moody’s say that the extension will leave the banks ‘in limbo’

Later today, October 5, Banking Exchange will host a panel of experts to discuss how banks and credit unions can leverage open banking trends in order to transform your institution

Plus: Dupaco Community Credit Union and Home Savings Bank partner and First Citizens and CIT extend merger

Partnership will accelerate technology at community banks across the country

Lake City Banks, Empire State Bank, BCB Bancorp, Citizens Financial Group have all made announcements

Amalgamated Bank and Colombia State Bank have also announced separate merger agreements

Bank of Marin, Fifth Third Bank, Merchants & Marine Bank, Texas Capital Banshares and Patriot National Bancorp have all made announcements

California-based Friendly Hills acquired three offices from Bank of Southern California, while Mississippi-headquartered BankFirst opened another office in the state

Coinbase, the cryptocurrency exchange is looking to expand into traditional financial services