The Latest

  • A Fifth Third Bank sign shows "5/3" with the words "Fifth Third Center" and "Bank Branch" below.
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    Courtesy of Fifth Third Bank
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    Fed approves Fifth Third-Comerica deal

    The transaction is expected to close Feb. 1, Fifth Third said. The green light, 99 days after proposal, comes despite an intense campaign by Comerica investor HoldCo Asset Management.

  • Trees are seen in the foreground with lake and mountains in the background.
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    Lund, Ken. Retrieved from Flickr.
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    Coastal Financial buys ‘climate-friendly’ fintech GreenFi

    The Everett, Washington-based bank will take on responsibility for “governance, oversight and long-term brand stewardship,” arguably deepening a partnership in its BaaS stable.

  • an AI logo superimposed over an image of a man typing on a laptop
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    Getty Images
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    Banks aim for agentic AI scale in 2026: report

    The technology is expected to grow beyond early deployments and reach broader adoption across financial services this year, according to Accenture.

  • A skyscraper with the name "U.S. Bank" atop it is shown.
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    Courtesy of U.S. Bank
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    U.S. Bank to buy BTIG for $1B to bolster capital-markets business

    BTIG has served as an equity capital markets referral partner for U.S. Bank since 2014. The two firms subsequently launched an M&A advisory referral program.

  • fintechs JP Morgan Chase open banking APIs
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    Joe Raedle via Getty Images
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    JPMorgan CFO: Card interest cap would ‘significantly change’ bank’s business

    The CFO of the largest U.S. lender didn’t rule out that the banking industry could take legal action if a credit card interest rate cap is imposed, as President Donald Trump has suggested.

  • regions cfo david turner is retiring and being replaced by anil chadha
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    Permission granted by Regions Financial Corp.
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    Regions insider named next CFO

    Anil Chadha, the Birmingham, Alabama-based bank's controller and head of corporate finance, will take the role after longtime CFO David Turner retires in March.

  • A bridge over a river with the Toledo cityscape in the background.
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    Getty Images
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    Ohio bank rebrands in ‘ambition play’

    Metamora State Bank, a three-branch, $98 million-asset lender, adopted a new moniker – Bank419 – that embraces the region’s area code rather than tying itself to one town.

  • DOJ, Federal Reserve, Powell, Fed building renovation
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    Retrieved from Federal Reserve.
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    Fed’s Powell resists DOJ probe

    At least two GOP senators and a dozen former Federal Reserve and Treasury officials are questioning the Trump administration’s investigation into the central bank chair’s testimony and construction projects.

  • A close-up of Russell Vought, Director of the Office of Management and Budget, shows him looking up.
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    Anna Moneymaker / Staff via Getty Images
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    Vought concedes on CFPB funding

    The CFPB’s acting director requested $145 million from the Federal Reserve to carry out agency duties for the fiscal second quarter, but noted he disagreed with a judge’s decision ordering the agency to do so.

  • A vertical SMBC sign stands outside a glass office building.
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    Permission granted by SMBC
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    Jenius Bank is winding down

    The Sumitomo Mitsui Banking Corp.-backed digital bank is closing, according to an SMBC spokesperson, confirming employment-related filings and claims from several now-former employees.

    Updated Jan. 13, 2026
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    Anna Moneymaker / Staff via Getty Images
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    Trump proposes card rate cap; banks eschew idea

    The president said he’d like a 10% cap on credit card interest rates for a year, starting this month, but banks said it would be “devastating” for consumers.

  • A nighttime view of a city skyline, with streaks of light from the highway in the foreground.
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    The image by Maciek Lulko is licensed under CC BY 2.0
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    Checkout.com grabs Georgia banking charter

    The payments processor received conditional approval for the state's merchant acquirer limited purpose bank charter.

  • FDIC
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    Courtesy of FDIC
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    Plaid hires ex-FDIC chief Jelena McWilliams

    The fintech’s CEO praised the incoming president of corporate and external affairs as a “consistent voice for transparency, consumer protection, and innovation” in a blog post Thursday.