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This year has been very good to regional banks, bitcoin investors and several bank CEOs who pulled off big deals or successfully refined business models. ... Read full article

Bank of America Corp. told investment bank employees they'll soon be able to take off up to an additional six weeks in a year — with pay. ... Read full article

The Federal Deposit Insurance Corp. approved a $2.09 billion budget for 2018, a 3% reduction from 2017, with cuts to receivership funding and nonpermanent staff. ... Read full article

The Fed approved an application giving Natcom Bancshares indirect control over Republic Bank, refusing to take into account claims the transaction imperils the target's S corporation status. ... Read full article

The Trump administration has previously signaled that it wants to bring the Office of Financial Research under its control. Now it may have the opportunity to do so. ... Read full article

Mary Mack adds mortgage and auto units to her already large portfolio; futures price dips but volume up compared to Cboe’s first day of trading. ... Read full article

The executive tasked with reshaping Wells Fargo's embattled retail banking unit will now also be responsible for mortgage, auto and student lending. ... Read full article

The U.S. Chamber of Commerce said Monday that an attempt to oust Mick Mulvaney as acting director of the Consumer Financial Protection Bureau would raise "grave questions" about the constitutionality of the consumer agency. ... Read full article

Bankers remember Bob Wilmers not only for spearheading the growth of M&T, but also embracing his role as the industry's voice in turbulent times. ... Read full article

Washington Federal in Chicago, which had a clean balance sheet and plenty of capital on Sept. 30, was shuttered shortly after the death of its CEO and regulators' discovery of "substantial dissipation of assets." ... Read full article

While a robust dialogue about all forms of financial products is critical and regulation to protect consumers is necessary, removing a source of credit for hard-working Americans and eliminating choice should not be the focus of any federal agency. ... Read full article

Long-time CEO grew M&T Bank into a $120 billion regional lender; Jim McCarthy, a high-profile manager, didn’t inform company about relationships. ... Read full article

Jon Stein plans to make Betterment's robo-advisor as personalized and intelligent as the online retailer's recommendation engine. ... Read full article

Robert Wilmers joined M&T in 1983 when it had just $2 billion of assets and built into a regional powerhouse with $120 billion of assets and operations in a dozen states. ... Read full article

Mortgage lenders are bracing for big delays in the processing of mortgage applications, citing a problem with the income verification system at the Internal Revenue Service. ... Read full article

For the first time in nearly nine years, an acquirer of a failed bank agreed to purchase only the institution’s insured deposits, making it likely that some customers will not recoup all of their uninsured funds. ... Read full article

When the acting director of the Consumer Financial Protection Bureau announced plans to bring aboard political appointees, many viewed it as antithetical to an independent regulator. But technically there is nothing stopping him. ... Read full article

The Federal Reserve Board announced that Vice Chairman of Supervision Randal Quarles will recuse himself from matters related to Wells Fargo “to avoid even the potential appearance of a conflict of interest.” ... Read full article