Trust Company news and trends

First National Bank Plans Online SMB Lending Portal
B2B Payments // December 13, 2017

First National Bank and Trust Company is planning the launch of a digital small business lending portal and has tapped a partner to create the solution. The financial institution (FI) said Tuesday (Dec. 12) that it is working with FinTech firm RCGILTNER Services to deploy the...

State Street Agrees To Pay $35M To Settle SEC Charges
Legal // September 08, 2017

The Securities and Exchange Commission (SEC) announced that financial services company State Street has agreed to pay more than $35 million to settle charges that it fraudulently charged secret markups. The company has also admitted to separately omitting material information about its platform for trading U.S....

Quick Reads
Bitcoin Daily: Fidelity’s Crypto Business Gets License; Bitcoin.com Launches $200M Fund

November 21, 2019
Fidelity Digital Asset Services (FDAS) has been granted a charter by the New York State Department of Financial Services (DFS) under New York Banking Law, allowing it to operate as a limited liability Trust Company as part of the state’s rapidly growing virtual currency marketplace. “As the financial capital of the world, New York must […]

State Street Agrees To Pay $35M To Settle SEC Charges

September 08, 2017
The Securities and Exchange Commission (SEC) announced that financial services company State Street has agreed to pay more than $35 million to settle charges that it fraudulently charged secret markups. The...