Can Musk make Twitter PayPal 2.0? Plus, fraud is top crypto complaint: CFPB

Can Elon Musk, a PayPal founder, make Twitter a payments platform? Musk's public statements about his new property, Twitter , provide a rough roadmap for the creation of a financial services business. Social media sites have been down this road before.

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Interest rate risk, Treasury liquidity top Fed's supervisory priorities for 2023: While banks appear to be well capitalized, the Federal Reserve Board outlined several areas of potential weakness in its biannual supervision and regulation report.

CFPB cites fraud as No. 1 crypto complaint, signaling trouble ahead: A Consumer Financial Protection Bureau report on complaints about cryptocurrencies said consumers have difficulty obtaining any restitution for lost crypto funds.

Microsoft, Google, IBM pitch banks on confidential computing: Banks like RBC are starting to use the technology from computing giants 微软 , 谷歌 and IBM , which protects cloud-based data while it's being used by an application.

First Republic again projects lower margins as deposits get costlier: San Francisco-based First Republic is now estimating a net interest margin of around 2.45% for the fourth quarter, down from 2.71% three months earlier. The profitability metric has suffered as customers ask for higher rates on their deposits.

BECU names Beverly Anderson president and CEO: Beverly Anderson , who has held leadership positions at Equifax , 富国银行 and American Express , will succeed longtime CEO Benson Porter on Dec. 5. (Read more: The Most Powerful Women in Credit Unions; How credit unions can use data to better reach the underserved)