As treasurer for the past six years, he has managed the firm's $2.4 trillion balance sheet through the Covid-19 pandemic, a rapid increase in interest rates, and banking turmoil
Automatic-sweep products that don't pause for weekends or holidays are a response to client demands for higher interest rates on deposits and faster access to their cash.
Although disputed transactions represent around 0.06% of Zelle's 5 billion transactions, lawmakers slammed the platform for being unsafe and for refusing to take responsibility when consumers send money to scammers.