U.S. Bank, Mastercard tapped for Amazon cards

The retailer has chosen the Minneapolis-based bank for two new credit cards aimed at small-business owners.

Bank of America to pay $72.5M to settle Epstein-related lawsuit

The lender did not admit any wrongdoing as part of the settlement, which is pending approval by U.S. District Court Judge Jed Rakoff.

U.S. Bank names next COO

Toby Clements, who will succeed the retiring Souheil Badran, “is a strong, engaging leader who has a clear desire to serve our clients and run our business effectively,” said the Minneapolis-based lender’s CEO, Gunjan Kedia.

EagleBank disavows activist investor’s board nominees

The embattled Maryland lender did not include the proposed nominees in a notice to shareholders – and won’t unless Diligence Capital Management gets a court order, it said.

Citizens’ Coughlin talks ‘overwhelming’ pace of AI change

As the lender uses AI to reshape operations through its Reimagine the Bank program, “the nimbleness around it has been pretty intense,” President Brendan Coughlin said.

Morgan Stanley gets Fed green light to realign German unit

Allowing an exception to current rules would level the competitive playing field, the bank said. Three Fed governors dissented, noting the move could pose a risk to the Deposit Insurance Fund.

FDIC cuts could drain institutional knowledge: OIG

The agency “must maintain a sustained focus on strategic workforce planning to ensure its continued effectiveness and mission fulfillment,” wrote the OIG.

Bank of America’s wealth management firms roll out AI tool

AI-Powered Meeting Journey leans on Salesforce CRM data to gather materials, summarize meetings and provide natural language assistance to financial advisers.

Visa, Mastercard, PayPal, Stripe warned of debanking consequences

Any act to “deplatform customers or deny them access” on political or religious grounds “could lead to an ... investigation and potential enforcement action,” the Federal Trade Commission asserted.

Bank of America courts business clients in market-share push

To drive new client relationships in 50-some markets, BofA is hiring bankers and cultivating local connections, said Sharon Miller, the lender’s president of business banking.

Former Kentucky bank manager charged with fraud, theft

Reagan France made over 100 unauthorized withdrawals from customer accounts, court documents show. “She’s robbed our whole town,” one alleged victim told the local news.

VALT Bank gets conditional OCC charter

The bank must raise $25 million prior to opening and maintain a 9% tier 1 leverage ratio for its first three years thereafter.

U.S. Bank arms designers with AI tool

The tool, developed in-house, is bolstering efficiency and quality, the Minneapolis-based bank’s head of experience design said.

Minnesota bank bolsters C-suite with Climate First alums

B2 Bank, owned by fintech entrepreneur Brian Barnes, named a new CEO, president and credit chief – all from Florida’s Climate First Bank – as the lender pursues a national digital banking strategy.

Fed OIG flags gaps slowing bank application process

The central bank’s watchdog said M&A application processing has slowed and data gaps are inhibiting the Fed’s aim to boost efficiency and timeliness. The Fed has already made some recommended changes.

Activist investor takes its EagleBank fight public

Diligence Capital Management has pushed the embattled lender to develop a performance improvement plan and replace three board members. Progress stalled after the bank’s CEO stepped down, the investor said.

Warren scrutinizes MrBeast’s plans for fintech Step

Beast Industries is “ill prepared” to run a fintech, the senator told its founder and CEO before pelting the two with questions about their intentions.

AI in banking ‘not a silver bullet’: analyst

Lenders are clamoring to realize the benefits of AI, but it's “a long, expensive and risk-constrained transformation,” Wells Fargo’s Mike Mayo said.

Goldman’s second-in-command made more than Jamie Dimon in 2025

Goldman Sachs paid its president, John Waldron, $45 million for last year. That’s more than (or equal to) all but one U.S. big-bank CEO: his boss.

Lake Shore Bank staves off proxy war

The $727.3 million-asset lender agreed to put Dennis Pollack, a longtime bank industry executive and director, on its board at the behest of activist investor Stilwell.

Citi pursues payments advances

Real-time payments, agentic commerce and stablecoin advances are all topics the bank is discussing with clients, a top executive said.

FIS leans into big bank strategy

The bank technology and card processing company has renewed its focus on large bank clients in the battle against rivals like Fiserv.

HSBC introduces AI role to the C-suite

The bank cited generative AI as a key investment area this year, noting that 85% of employees have access to the technology.

Robinhood CFO gets salary bump, $18M stock package

The boost to Shiv Verma's salary and target bonus opportunity came as the investing and trading platform also announced a $1.5 billion share buyback program.

FDIC opens door for private equity to buy failed banks

Nonbank entities such as PE firms “can play a significant role in the resolution process, given their ability to access and deploy significant pools of capital,” the agency wrote Thursday.