The SEC alleged an ex-Bank of America banker tipped a friend about a pending deal, generating an $18.5 million profit for the friend, who was also charged.

The Philadelphia-based bank, founded in 1873 and holding $68 million in assets, was acquired by Second Federal Savings and Loan Association.

Latin America's largest bank plans to serve high-net-worth individuals through a single Miami branch offering deposits, mortgages and credit cards.

The bank highlighted its sustainable financing commitments and noted CEO Jane Fraser sees resilience as a competitive necessity for clients.

The Charlotte-based bank is hiring more premier-level advisers and positioning its mass-affluent segment as a feeder to its wealth management business.