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.

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.

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.

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.”

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.

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.

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.”

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.

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.”

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.

Affirm seeks Nevada bank charter

The company submitted applications to state and federal regulators to start Affirm Bank, it said Friday.

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.

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

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.

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.

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.

‘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.

KeyCorp names new lead independent director

Two other board members will retire at the bank’s annual meeting. Activist investor HoldCo Asset Management sought board changes, among other demands, in a presentation last month.

Fifth Third CEO flags acquisition-related cuts

A WARN notice Comerica filed this month indicates 184 jobs are being reduced at the Dallas-based bank’s Frisco, Texas, location.

Big banks continue the hunt for AI-driven efficiencies

Executives at BNY, Bank of America and others who reported Q4 2025 earnings discussed AI investments – and when they’re hoping to see them pay off.

First Horizon calls out Raleigh as a market of interest

The bank’s CFO said First Horizon isn’t interested in a large acquisition, but if a smaller bank with a handful of branches were to come for sale, “we’re going to run the math.”

PNC mandates 5-day RTO starting May 4

Whispers about a return to full-time office work have been stirring at PNC since CEO Bill Demchak said in a December fireside chat that remote work “hurts” companies.

BofA joins Citi, Wells in projecting lower headcounts this year

Bank of America CEO Brian Moynihan expects his bank’s workforce to shrink as the lender leans into AI. Citi CEO Jane Fraser, meanwhile, said the “bar is raised” for working at the bank.

M&A in 2026 may put more distance between big, small banks

Expect the acceleration in bank M&A to pick up further, especially in advance of this year’s midterm elections.

U.S. Bank exec: Customers will want a zero-friction bank partner on AI

“The new bar for digital excellence is, what can we do for our customers, as opposed to having them do it themselves,” the super-regional’s innovation chief said.