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Wells Fargo Fined $250M for ‘Unacceptable’ Failings on Lending

Wells Fargo Fined $250M for ‘Unacceptable’ Failings on Lending

US regulator assesses $250 million penalty and places restriction on bank’s future activities
Former Wells Fargo Execs Face OCC Hearing

Former Wells Fargo Execs Face OCC Hearing

Public hearing begins looking into three former staffers’ roles in the fake accounts scandal
MVB Partners with Bitcoin Firm for Banking Service

MVB Partners with Bitcoin Firm for Banking Service

First turnkey platform will provide fintech clients with Bitcoin-related products
Neo and Challenger Bank Market to Reach $395bn by 2026

Neo and Challenger Bank Market to Reach $395bn by 2026

Research shows market will grow by 46.5% a year between 2019 and 2026
ABA Opposes New Tax Reporting Proposal

ABA Opposes New Tax Reporting Proposal

New tax reporting proposal from Biden administration could undermine trust in the banking system, says the ABA
M&A Latest: Baycom Merges with Pacific Enterprise

M&A Latest: Baycom Merges with Pacific Enterprise

Plus: ST Holdings acquires Rochelle State Bank, Mastercard adds open banking tech provider
People Moves: Wells Fargo Veteran Pelos Retires

People Moves: Wells Fargo Veteran Pelos Retires

Red River Bank, Texas Capital, CNB Bank make appointments
Long Island Bank Consolidates Branches

Long Island Bank Consolidates Branches

Eight branches of the First National Bank of Long Island to unite in overhaul of network later this year
Businesses Expect Instant Payments: Fed Research

Businesses Expect Instant Payments: Fed Research

Ability to process instant payments will influence companies’ choice of bank
SmartBank Completes Sevier Merger, FVC Buys Mortgage Company Stake

SmartBank Completes Sevier Merger, FVC Buys Mortgage Company Stake

Plus: NY-based Five Star Bank’s parent buys employee benefits consultancy’s assets
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