Judge blocks CFPB open banking rule enforcement

The preliminary injunction in a federal lawsuit enjoins a U.S. open banking framework until the Consumer Financial Protection Bureau issues a new rule.

Ohio bank broaches Tennessee with $317.3M acquisition

Park National Corp.’s proposed purchase of Dyersburg, Tennessee-based First Citizens Bancshares would bridge the Ohio lender’s Midwest and Southeast territories and push the bank beyond $10 billion.

Citi’s Ryan: Employee buy-in on AI will yield ‘innovation dividend’

“There's no way we can sit in New York and come up with the strategy for a global company and implement it if we're not bringing our people on the strategy,” Tim Ryan said at Money20/20.

BNY’s Robin Vince stays big on AI

“My mantra on this is, AI is for everyone, everywhere, everything at BNY,” the CEO said at Money20/20 in Las Vegas.

Citi, Coinbase ink stablecoin partnership

The bank’s head of payments and services called the collaboration “a natural extension of [Citi’s] ‘network of networks’ approach.”

Bunq gets US broker-dealer license

The Dutch neobank had applied for a banking license in 2023 but withdrew that bid over a “difference of views” among the OCC, FDIC and overseas regulators.

U.S. Bank’s Kedia: Banks should ‘lean into’ change

“It's times of disruption and discontinuity where winners and losers are created,” the CEO said at Money20/20. “If you're front-footed, you can come out on the other side with just distance between you and your competitors.”

Community banks have ‘no choice’ but to be in stablecoin business, lawmaker says

Bank-fintech partnerships are essential to enabling community banks to serve stablecoin interest, Rep. Mike Flood, R-NE, said Sunday at the Money20/20 conference.

Revolut eyes bank charter to have ‘seat at the table,’ says US CEO

“While the partnership model works well, you miss out on things,” Sid Jajodia said at the Money20/20 conference.

FirstSun to acquire First Foundation in $785M deal

The transaction, set to close in the second quarter, would roughly double FirstSun’s assets and add 18 Southern California branches to its footprint.

Barclays to acquire Best Egg for $800M

The personal lending fintech last year secured a $500 million purchase facility from Fortress Investment Group and tech-driven investment manager Edge Focus to grow its loan platform.

Huntington to buy Cadence Bank for $7.4B

The deal, Huntington’s second in Texas this year, comes just weeks after fellow Ohio regional Fifth Third announced it would acquire Dallas-based Comerica.

Bank risk chiefs aim to shake ‘Department of No’ reputation

“The CRO actually knows more than what the CEO thinks we know,” said Emily Nachlas, Western Alliance’s CRO, during an ABA convention panel last week.

Fed proposes disclosing stress-test details

The central bank Friday voted to alert banks ahead of time with stress-test scenarios and several key calculations.

Trump taps SEC crypto task force lawyer to lead CFTC

Mike Selig’s bid comes after the withdrawal of the previous nominee to lead the agency, which now has just one commissioner.

Nicolet Bank makes $864M deal for Iowa, Twin Cities foothold

The Green Bay, Wisconsin-based lender said it would buy MidWestOne to create a $15 billion-asset bank, roughly doubling its branch count, including 15 locations in the Minneapolis area.

JPMorgan snags BofA vet as investment banking chair

Kevin Brunner, who’s been at Bank of America for 25 years, will join JPMorgan Chase as global chair of investment banking and M&A next year.

Third Coast’s $123M deal extends Texas M&A hot streak

The Houston lender said it would acquire Keystone Bank to bolster its presence in Austin. The transaction is expected to close in the first quarter.

UBS revamps leadership with tech, AI in mind

The Swiss bank appointed its first chief AI officer, the latest financial services company to create an executive role dedicated to AI adoption.

Zelle parent pursues crypto for international payments

The peer-to-peer money transfer company said it will leverage stablecoins to let users send money across borders.

Evolve Bank & Trust CEO faces child porn charges

Now-terminated Bob Hartheimer became CEO in August with the intent of “restor[ing] trust” in Evolve, which since last spring has been caught up in a missing-funds saga tied to the Synapse collapse.

Updated Oct. 24, 2025

Ohio banks to merge in $299M deal

Canfield, Ohio-based Farmers National Bank’s acquisition of in-state peer Middlefield will add about $2 billion in assets and give Farmers a presence in the Columbus area.

OCC drops fine in final Wells fake-accounts settlement

Claudia Russ Anderson, group risk officer at the time of the bank's fake-accounts scandal, won’t face an additional monetary penalty by the regulator.

Citi gives CEO Fraser a $25M award, names her chair

The bank is the last of the eight U.S. systemically important financial institutions to consolidate its CEO and board leadership roles.

Trump pardons Binance founder Zhao

Changpeng Zhao previously pleaded guilty to violating anti-money laundering laws, and then served four months in prison.