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Uninsured bank on track for Fed master account approval

Numisma Bank, a de novo bank backed by former Federal Reserve Vice Chair Randal Quarles, is the first bank without deposit insurance to be granted conditional approval under the Fed's new master account application framework. ....

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New fintech bank proposed for Greenwich - Westfair Communications

Connecticut Banking Commissioner Jorge Perez recently presided over a public hearing for the formation of a proposed de novo bank in Greenwich, to be called Currency Reserve. ....

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5 things for Houstonians to know for Wednesday, May 12

5 things for Houstonians to know for Wednesday, May 12
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Here are things to know for Wednesday, May 12:
1. VIDEO: Body camera footage released in fatal officer-involved shooting in Cypress
The Harris County Sheriff’s Office released the video Tuesday of an officer-involved shooting that happened in March in Cypress.
Prior to showing the video, HCSO Assistant Chief Mike Lee shared a statement describing what people would see in the video, as well as a warning for disturbing and graphic content. In all, the video is 12 minutes and 37 seconds. HCSO provided the edited videos and did not take questions from reporters saying the investigation is ongoing and referred KPRC 2 to Lee’s statement on the video. ....

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