After the New York Department of Financial Services took possession of Signature Bank on Sunday, speculation mounted that regulators had seized the bank because of its crypto-friendly stance and Signet payment platform, a popular tool for the blockchain industry. The narrative was boosted by former Rep. Barney Frank, ...Read More

A group of shareholders have reportedly filed a lawsuit against Silicon Valley Bank’s parent company and some of its executives amid the unfolding crisis. Multiple news outlets reported on March 13 that many Silicon Valley Bank shareholders alleged fraud from the bank, CEO Greg Becker and ...Read More

Some of America’s biggest banks are devising a plan to compensate customers who fall victim to scams on their Zelle payment network. JPMorgan Chase, Wells Fargo and Bank of America Corp. are among the banks in advanced discussions to create a playbook for refunding customers and each other ...Read More

Eleven of the world’s largest banks and brokerages will collectively pay $1.8 billion in fines to resolve regulatory investigations over their employees’ use of messaging applications that broke record-keeping rules, regulators said Tuesday. The firms include brokerage units of Bank of America Corp., Barclays PLC,  Citigroup, Credit ...Read More