A former Bank CEO is accused of violating the lender’s policies and causing millions of dollars in losses. The Federal Reserve says former Bank of Eufaula CEO Thomas Engelbrecht triggered over $3.5 million in losses […]
An Illinois resident has lost $5,000 after a spoof call led her to send money via Zelle under the guise of securing her bank account. Susie Allgood says she received a call from someone claiming […]
Key Takeaways BNY added USDC mint and burn to its custody platform on June 29, 2026, in a deal with Circle. BNY oversees $59.3 trillion in assets, giving the new USDC services immediate institutional scale. […]
A former Bank of America insider is accused of stealing tens of thousands of dollars from two elderly customers while working at a branch in Nashville, Tennessee. Karl Stephen Richardson was arrested earlier this week […]
A jury has found a former Wells Fargo employee in Mesa, Arizona guilty of embezzling $655,000 from the bank. The U.S. Department of Justice says Brooke McDonough, formerly known as Brooke Taylor, has been sentenced […]
Billionaire Ray Dalio’s Bridgewater Associates fully exited its stakes in BlackRock (BLK) and two US banks, while rotating capital into four high-flying names. Bridgewater’s 13F filing from the U.S. Securities and Exchange Commission (SEC) shows […]
A former manager at First Commonwealth Bank is accused of stealing more than $31,000 from dead customers’ accounts in the span of just one month. Jeri Mains, who worked at the bank’s Westmoreland County Derry […]
Key Takeaways Chainlink’s Project Pangea unites 37 European banks and 10-plus Korean lenders in a $9.6T FX settlement push. UniKA members, including Shinhan Bank, aim to cut Korean won reliance on intermediary currencies by 2026. […]
Wells Fargo’s brokerage, investing and financial advisory division is highlighting one S&P 500 sector that could act as a defensive investment as some stock prices reach inflated levels. Wells Fargo Advisors says that it has […]
A banking malware that is “well-camouflaged” and “nearly invisible” to cyber threat detection systems is on the loose in Latin America, according to tech giant IBM. Senior threat researcher Itzhak Chimino says IBM uncovered a […]
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