Coinbase pursues OCC trust charter

Coinbase has been mulling such a move since April. Since then, other crypto firms such as Circle, Ripple and Paxos have applied for a national trust charter.

Citi has a competing bid for Banamex

Grupo Mexico, a onetime front-runner for Citi’s Mexico retail presence, disclosed a bid to one-up billionaire Fernando Chico Pardo’s play for a 25% stake, and would purchase the rest, too. Citi, however, said it hadn’t received it.

Essential guide: data and AI readiness for organizations

Silvergate ex-CFO loses bid to dismiss SEC fraud suit

The SEC alleges Silvergate’s former finance chief engaged in fraud to conceal the bank’s dire condition following the 2022 collapse of crypto exchange FTX.

Synchrony buys financing software provider

Versatile Credit’s consumer financing platform can lead to more sales for merchants and increase access to credit for consumers, the issuer said.

Brazil’s Nubank applies for US banking charter

The move underscores the lengthy and sometimes unsuccessful paths challengers such as Bunq, Revolut and Monzo have faced in obtaining licenses.