The Latest
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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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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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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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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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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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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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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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Column
Dive 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&A
How 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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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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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.
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SMBC Americas COO is out
Greg Keeley is no longer with the company he joined last year, according to an email sent to staff Monday.
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Florida credit union to buy 2nd bank in a month
Gulf Winds Credit Union agreed to buy Madison County Community Bank in August. Now it’s following up with a deal for Alabama’s Peoples Exchange Bank before a scheduled rebrand next year.
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Fed’s ‘collective lack of action’ let info security risks fester: OIG
Governance of the central bank's information security program and enforcement of controls lack clarity, resulting in a 2024 incident involving a retiring employee “remaining unresolved for over a year,” an OIG report said.
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Valley National Bank to acquire fintech Bluevine for $340M
The fintech is set to bring Valley $2.1 billion in deposits and make the bank “a much stronger and more relevant small business competitor,” executives said Monday.
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California’s Nano Banc fails
Sunwest Bank acquired most of the assets, deposits and loans from the long-troubled bank. Nano is the sixth U.S. bank to collapse in 2026.
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FDIC clamps down on ‘significantly undercapitalized’ Old Glory Bank
Old Glory’s latest call report showed the bank’s leverage ratio was 2.69%. The bank failed to respond to a notice of intent that regulators would issue a directive for prompt corrective action, the FDIC said.