U.S. Treasury says it was breached by Chinese-backed hacker
The department was notified December 8 by third-party software provider BeyondTrust that a hacker had gained access through a tech support service.
KeyCorp CEO Gorman to receive $7.5M bonus after Scotiabank investment
Chris Gorman and four other high-ranking KeyCorp executives have been granted a combined $16.7 million in performance-based equity awards that will vest in two years, as long as the Cleveland-based company meets certain capital requirements and earnings goals.
Year-end heavy lifting gives New York bank a new look
Arrow Financial in Glens Falls kept busy in December, consolidating its two subsidiary banks, expanding its board and restructuring its securities portfolio.
Banks more confident about 2025 asset growth
A recent industry survey finds most participating banks predict asset growth for 2025; Frax Finance launches a new stablecoin backed by BlackRock; Camden National closes its acquisition of Northway Financial; and more in this week's banking news roundup.