The Latest
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UMB CEO takes ‘measured’ tone on M&A
After integrating HTLF, UMB has learned that “between close and conversion, expectations should be more muted for growth out of the acquired company,” CEO Mariner Kemper said Wednesday.
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U.S. Bank CEO Kedia named chair
With the move, effective in April, the Minneapolis-based lender joins all eight of the U.S.’s G-SIBs in consolidating CEO and chair roles. Gunjan Kedia’s predecessor, Andy Cecere, is retiring from the board.
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Prosperity Bank continues its Texas tear
The Houston-based lender agreed to buy Stellar Bank in a roughly $2 billion deal expected to close in the second quarter. The transaction would be Prosperity’s third announced acquisition since July.
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Judge rejects HoldCo’s challenge of Comerica-Fifth Third deal
After the activist investor filed an emergency motion to stall the merger’s closing, set for Feb. 1, a Delaware Court of Chancery judge denied it, saying Monday that HoldCo failed “to clear that high hurdle.”
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Retrieved from OCC.
Nomura spinoff Laser Digital applies for OCC charter
The digital-asset firm is vying for a national trust banking charter, the same license for which Circle, Ripple and Paxos were conditionally approved.
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Wells Fargo, BNP Paribas bolster AI leadership
As banks chase AI innovations and efficiencies, they’re hiring executives focused solely on the technology’s growth.
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Zelle network expands by 15%
Most of the 337 financial institutions that were added to the network last year were small community banks and credit unions.
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Former Citi exec sues bank, alleging sexual harassment
Citi’s former global head of platform and experiences said she was subject to a campaign of sexual harassment, manipulation and grooming involving the bank’s wealth chief.
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U.S. Bank CEO, other Minnesota execs seek ‘de-escalation’
Gunjan Kedia and other CEOs of large Minnesota-based companies urged local and federal officials to collaborate on “real solutions” in the wake of a second shooting death by federal immigration agents in Minneapolis.
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Ally taps former acting OCC chief as policy adviser
Rodney Hood, who has served as acting comptroller of the currency and chair of the National Credit Union Administration, will serve as a senior policy adviser to Ally CEO Michael Rhodes.
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Brex CFO Erica Dorfman’s take on the Capital One deal
In a rare look inside a major fintech transaction, Dorfman describes the speed, scale and boardroom logic that led Brex to Capital One.
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Eastern Bank eschews M&A in face of investor complaint
Activist investor HoldCo Asset Management urged the bank to sell to a larger regional, such as M&T. Executives Friday said Eastern, after completing a deal last October, had attained “the size and scale to compete effectively.”
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Goldman to pay CEO Solomon $47M for 2025
The payout marks David Solomon’s third consecutive annual raise of 20% or more and likely will make him the best-compensated chief executive among the six biggest U.S. banks.
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SEC agrees to dismiss Gemini lawsuit
The lawsuit, regarding Gemini Earn, is appropriate to dismiss because its investors have already received 100% of their money back, the SEC said.
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Huntington doesn’t ‘need to be national to win,’ CFO says
Concentration on specific segments and geographies is “the predominant factor in success,” said the Ohio-based regional’s CFO, Zach Wasserman. “That's where we're doubling down.”
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FDIC conditionally approves Ford, GM ILC charters
Both automakers must stand up their respective banks within 12 months. After that, they must maintain a minimum 15% tier 1 leverage ratio.
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JPMorgan’s Dimon sees 10.3% pay bump to $43M
The bank credited longtime CEO Jamie Dimon for his “longstanding exemplary leadership,” commitment to shareholders and “continued development of top executives.”
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Capital One nabs Brex for $5.15B
The deal, expected to close in mid-2026, lets the bank absorb a fintech player that specializes in corporate cards, payments and expense-management tools.
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Affirm seeks Nevada bank charter
The company submitted applications to state and federal regulators to start Affirm Bank, it said Friday.
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Sunwest Bank moves on AI in search of efficiencies
Ben Xiang, the bank’s chief technology and strategy officer, plans to use AI to automate workflows and add intelligence capabilities to extract value.
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Trump sues JPMorgan, Dimon over alleged debanking
The action makes good on plans the president made public last week, when he accused the bank of “incorrectly” debanking him in connection with the Jan. 6, 2021, U.S. Capitol riot.
Updated Jan. 22, 2026 -
Deep Dive
Inside the explosion of banking charter applications
Pent-up demand led to at least 18 applications being filed with the OCC last year. And that influx could continue in 2026, as two applications have been submitted to the agency in recent weeks.
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Supreme Court approaches Cook case with skepticism
Liberal and conservative justices pressed lawyers on the cause and notice in President Donald Trump’s attempted firing of the Fed governor – and the consequence of setting a new precedent.
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Dimon: AI’s effect on labor market ‘may go too fast for society’
The JPMorgan CEO expects AI will result in the bank employing fewer people in five years, even as the company grows globally.
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‘We’re coming’ to ‘fight you,’ PNC’s Demchak warns banks
“A regional bank that’s trying to protect its moat in a shrinking market, as the large banks and PNC come into their market, is a tough place to be,” CEO Bill Demchak said.