The Latest
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ColumnDive Deposits: Trump’s Cook committee is betting like it’s 2025
The White House is convening a panel to re-investigate allegations against a Fed governor. The timing may indicate confidence in the midterm election outcome.
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Citi hires up in push to overtake private bank competitors
Under BofA alum Chris Biotti, Citi’s private bank is targeting $3 trillion in untapped North American client assets by installing new leaders across the region.
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Warren presses NCUA OIG over empty board
The National Credit Union Administration didn’t have a single board member between August 10 and 24. Sen. Elizabeth Warren wants to know who was in charge.
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HUD probes Wells Fargo over ‘racialized’ lending
Wells’ programs to bolster Black home ownership – put in place in 2017 and 2022 – are “immoral, unethical and un-American,” Secretary Scott Turner said.
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Amex dinged by Fed, OCC; must pay $350M for AML failures
Regulators identified “significant deficiencies” in how American Express' enterprise-wide anti-money laundering program was implemented, in particular at the firm’s national bank subsidiary.
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The image by Farragutful is licensed under CC BY-SA 4.0
TowneBank deal shrinks pool of NC bank targets
The Virginia lender is paying a premium for Mooresville, North Carolina-based Blueharbor, and scarcity value makes the remaining banks in the Tar Heel State “quite valuable,” an analyst said.
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Third Coast to buy Oklahoma bank for $240M
The deal comes roughly a year after Houston-based Third Coast announced its $123 million purchase of Austin, Texas-based Keystone Bancshares.
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Permission granted by Federal Reserve Bank of Dallas
Fed consolidates bank supervision structure
Vice Chair for Supervision Michelle Bowman laid out changes Tuesday to the Fed’s supervisory structure intended “to implement a culture of accountability and clear decision-making authority.”
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Courtesy of Ally Financial
Ally CEO: ‘Strategy is about choices’
A narrower focus is driving better returns at the $200 billion-asset lender, although the credit and interest rate environment may challenge execution of Michael Rhodes’ strategy.
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Permission granted by Anchorage Digital
The elder statesman of trust charters makes its move
Anchorage Digital has acquired Routable, in a deal to link the issuance, custody and settlement of stablecoins with multi-denominational payout distribution.
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Top bank conferences to attend in 2027
Connecting with peers and competitors may offer the gut-check that banking leaders need so they can innovate in a way that lets customers and shareholders both prosper.
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Banks prioritize responsible AI, governance as use soars
JPMorgan Chase and Capital One ranked highest in AI maturity considering talent, leadership and transparency, according to Evident's annual AI index.
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Permission granted by Office of the Comptroller of the Currency
Rain, Modern Treasury seek OCC trust charters
The firms join a growing list of fintech companies looking to get into the folds of federal regulation, days after a trade group sued the OCC over trust charters.
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Anna Moneymaker / Staff via Getty Images
ICBA urges court to rein in OCC over trust charters
The community bank trade group sued the banking agency Friday, challenging the OCC's authority to charter crypto firms outside the traditional banking framework.
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Chip Somodevilla via Getty Images
DOJ won’t reopen Powell probe
There’s “more work to do to understand” how the Fed’s renovation project became so expensive, AG Todd Blanche told Bloomberg TV, but the Justice Department won’t reopen its related investigation into Jerome Powell.
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Warren, Van Hollen pressure OppFi to ditch bank deal
Weeks after nonbank lender Enova scrapped its bid to buy Grasshopper Bank, two Senate Democrats are urging nonbank lender OppFi to abandon its own dealmaking efforts.
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Anna Moneymaker / Staff via Getty Images
ColumnDive Deposits: BofA, Barclays show their populist side
Bank of America is expanding its apprenticeship program at a time of year when it typically would raise the hourly wage for its lowest-paid staff. Meanwhile, Barclays conceded (partially) on its office-return mandate.
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Q&AHow Stripe, Zerohash alums are looking to speed international payments
Startup Latitude Global pitches faster, cheaper cross-border payments by sending them on modern stablecoin rails.
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Amerant Bank CEO tackles credit crisis
Efforts to change the internal culture around credit risk within the Florida bank’s lending portfolio have begun paying off, Carlos Iafigliola said.
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JPMorgan Chase names next HR chief
Mark O’Donovan, the bank’s CEO of international consumer banking, will succeed retiring human-resources head Robin Leopold in January.
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Fed watchdog finds mismanagement, not criminality, in $2.5B renovation
The Federal Reserve Board should establish a guaranteed maximum price for its renovation project, which is now several years in, the Office of the Inspector General said.
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How BofA’s tech summit influences strategy
An annual event uniting bank leaders and tech upstarts, happening next week, helps the lender assess how potential partners are innovating, Bank of America’s chief technology and information officer said.
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Peoples Bancorp to buy Maryland’s Capital Bancorp for $728M
Peoples’ second deal of 2026 will push the Marietta, Ohio-based lender well past the $10 billion-asset threshold it aimed to stay under with its last deal.
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Permission granted by Mercury
Charter must be ‘top priority’ for fintechs pursuing it: Mercury exec
The fintech has always wanted a charter, according to Mercury Bank CEO Jon Auxier. After years of hard work, “now is the right moment to go after it.”
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Kevin Dietsch via Getty Images
Fed finalizes stress-test changes
The central bank issued updates meant to make test scenarios more transparent and reduce year-to-year volatility banks see in their capital requirements.
