Bad news for banks: Cybersecurity talent shortage is growing
The cybersecurity job market is growing fast, but aspiring professionals face barriers to entry, from experience requirements to employer demands.
Bank branches affected by LA wildfires
Nine bank branches, many belonging to top U.S. banks, were affected by the recent Los Angeles wildfires.
Trump signs executive order to create sovereign wealth fund
The president directed Treasury Secretary Scott Bessent and Howard Lutnick, the nominee for Commerce secretary, to create the fund, following through on an idea Trump floated during his campaign.
A Virginia bank prescribes cannabis to close revenue gap
The Faiirfax, Virginia-based MainStreet Bancshares is pivoting to the niche business as a means to boost its Avenu banking-as-a-service platform, which has failed to hit deposit and revenue targets.
Treasury’s Bessent tells CFPB staff to stop everything
Treasury Secretary Scott Bessent, who was named to be acting director of the Consumer Financial Protection Bureau, has told the agency’s staff to put a halt to all rules and enforcement actions.
Mortgage bank president booked on murder, DUI charges
The wholesale and non qm lender said it’s placed Serene Vernon on administrative leave and elevated capital markets officer John Hamel to the role of president.
Trump taps Treasury’s Bessent as acting CFPB director
The president has named Treasury Secretary Scott Bessent to run the Consumer Financial Protection Bureau on an acting basis after firing CFPB Director Rohit Chopra over the weekend.
How Elon Musk’s influence could upend Treasury payments
As Elon Musk and his associates gain access to internal computers, Oregon Democratic Sen. Ron Wyden slammed the move and said it poses a national security risk. Musk claims the Treasury system isn’t adequately fighting fraud, and is also attempting to shut down USAid.
California’s wildfires could spark a dangerous new banking crisis
The devastation of communities across Southern California will, inevitably, cause tremendous stress on the banks that serve them. This should be a wake-up call for regulators to take climate risk more seriously.
UK’s banking watchdog probes Barclays over IT outage
An IT problem at the bank left thousands of customers locked out of their accounts for several days.