The Latest
-
Getty Images
OCC, FDIC scrap Obama-era leveraged lending guidance
Continuing the Trump administration’s de-regulatory push, the banking agencies rescinded high-risk lending guidance they said was “overly restrictive” and contributed to private credit’s rise.
-
Spencer Platt / Staff via Getty Images
Investor wants KeyBank CEO fired
HoldCo Asset Management – which demanded that Comerica sell itself, then sued the bank after it did – accused Key’s top executive of waffling on M&A and weakness on capital management.
-
Kevin Dietsch / Staff via Getty Images
Ex-CEO of failed Oklahoma bank indicted on fraud charges
Danny Seibel issued fake loans to friends and neighbors and “frequently” altered First National Bank of Lindsay records to hide the activity from the OCC and the bank’s board, the DOJ alleged.
-
Getty Images
3 ex-Signature execs start blockchain bank
N3XT, which opened Thursday, marks Signature founder Scott Shay’s fourth foray into launching a bank.
-
Permission granted by Chime
Chime won’t rule out bank charter pursuit, COO says
The fintech, which went public in June, periodically evaluates whether obtaining a bank charter makes more sense than relying on bank partners to offer its services to consumers, COO Mark Troughton said.
-
Spencer Platt / Staff via Getty Images
ColumnDive Deposits: In a down year for diversity, Citi’s reputation is at stake
The bank named a relatively sparse class of new managing directors. Its proportion of women is virtually the same as last year’s – even amid a de-emphasis on DEI. But the bank isn’t outpacing its peers, either.
-
Kent Nishimura via Getty Images
Senate Democrats press credit unions on overdraft, NSF fees
Sens. Elizabeth Warren, Cory Booker and Richard Blumenthal seek answers from 21 credit unions on their overdraft programs by Dec. 14.
-
Getty Images
Lubbock bank to buy Houston lender for $106M
Acquiring the holding company for Bank of Houston would give $4.4 billion-asset South Plains Financial an additional $772 million in assets and bolster its footprint in the Houston area.
-
(2024). [Photo]. Retrieved from Federal Reserve.
Bank regulators testify on Trump-era ‘tailoring’
The Federal Reserve’s vice chair for supervision vowed, in testimony to House lawmakers Tuesday, not to “reverse-engineer” changes to capital requirements to fit preconceived notions.
-
Matt Cardy/Getty via Getty Images
HSBC names interim chair to role permanently
The move comes a day after CEO Georges Elhedery downplayed the likelihood that 76-year-old KPMG alum Brendan Nelson would serve long-term.
-
simarik via Getty Images
Kraken to buy tokenized equities firm Backed
Terms of the deal are undisclosed, but the acquisition is the crypto firm’s fifth of the year.
-
Thomas Trutschel/Picture-Alliance/DPA/AP
Digital wallet use outpaces regulators
Consumers are increasingly turning to these mobile tools for convenience and new features. But are regulators keeping pace?
-
Michael M. Santiago / Staff via Getty Images
Binance names co-founder as co-CEO
Yi He co-founded the firm with Changpeng Zhao, her life partner and Binance’s former CEO, in 2017.
-
Courtesy of PNC
PNC wants human-level quality in its digital experience
The Pittsburgh-based lender aims to launch its new mobile app in the first half of next year, said Alex Overstrom, the super-regional’s head of retail banking.
-
Dan Kitwood via Getty Images
Biden admin made ‘coordinated attack’ on crypto: House Republicans
Uniswap CEO Hayden Adams, Ripple CEO Brad Garlinghouse and Gemini co-founder Tyler Winklevoss were all, at different points, debanked, a House committee investigation found.
-
Getty Images
Canada’s Laurentian Bank splits off its commercial, retail ops
National Bank of Canada will acquire the Montreal lender’s retail presence and Laurentian’s Québec branches will close. Fairstone Bank will buy Laurentian’s commercial lending for $1.4 billion.
-
Courtesy of Associated Bank
Associated Bank to buy Nebraska lender for $604M
The acquisition would give the Green Bay, Wisconsin-based bank entry into Omaha, along with the No. 2 deposit share in that market.
-
Michael M. Santiago via Getty Images
Goldman to buy Innovator Capital Management for $2B
The deal positions Goldman Sachs Asset Management as a top ten active ETF provider globally, according to data from Morningstar Direct.
-
Michael Lawrence via Getty Images
Morgan Stanley to pay $117.4M to resolve Dutch tax case
An Amsterdam subsidiary of the bank bought Dutch-listed shares for short periods, illegally offset dividend withholdings and intentionally filed false tax returns, a public prosecutor’s office said.
-
Lisa Maree Williams via Getty Images
Australian bank nabs Lloyds data chief to lead AI
Ranil Boteju will return to the Commonwealth Bank of Australia as its chief AI officer to advance the financial services firm’s strategy.
-
Permission granted by Pinnacle Financial Partners
Fed approves Pinnacle, Synovus merger
The central bank’s sign-off, combined with shareholders’ approval this month, has the Southeastern banks projecting a Jan. 1 close for their merger of equals.
-
Getty Images
FDIC, OCC, Fed solidify eSLR changes
Regulators finalized a rule cutting capital requirements for the nation’s biggest banks – and proposed a separate trim for community lenders.
-
Courtesy of Green Dot
Green Dot inks deals splitting bank, fintech business
The company, which had been exploring “strategic alternatives” since March, will sell its fintech business to a private equity firm and its bank to a $840 million-asset lender.
-
Courtesy of Revolut Press Kit
Revolut valued at $75B
The new valuation comes after the U.K. fintech’s fifth share sale, and just 15 months after Revolut was valued at $45 billion.
-
Courtesy of Comerica
Comerica, Fifth Third sued by activist investor
HoldCo accused Comerica’s CEO of being “focused solely on advancing his own interests” based on the “rushed” way the bank’s proposed deal with Fifth Third came together.
