Citicorp announced Tuesday that Pei-yuan Chia, a vice chairman and
The resignation took effect at the end of August, the bank said.
Mr. Chia, 57, was one
He joined Citicorp in 1974 and had been director since April 1993 and
Truth.Fi will offer ETFs, cryptocurrencies and crypto-related securities.
The Federal Reserve chair said banks are well situated to handle risks related to crypto customers, but added that regulatory scrutiny of banks' direct engagement with the assets will be greater than for simple custody arrangements.
In the fourth quarter, UMB Financial's earnings outpaced Wall Street's estimates — but the bank it's acquiring, Heartland Financial, fell short of them.
M&A, economic growth and artificial intelligence are among the leading issues banks will encounter this year, economists said.
The Czech Republic's central bank plans to shift billions of reserves to bitcoin. Plus Australia and the Netherlands crack down on BNPL, and other news from the world of payments.
A survey by American Banker indicates that check fraud is the top fraud concern for banks, especially smaller ones. This is driving spending to prevent it.
